Property News · May 11, 2018

Chinese tycoon who bought the Waldorf Astoria Hotel gets 18 years in prison for $10 billion fraud


The Chinese tycoon who rose to international fame after buying New York’s Waldorf Astoria Hotel was sentenced to 18 years in prison after being convicted of cheating investors out of more than $10 billion, the New York Times reports.

Source : cnbc.com
Read more…Chinese tycoon who bought the Waldorf Astoria Hotel gets 18 years in prison for billion fraud