The Associated Press reported that Guo Wengui, a self-exiled Chinese businessman, was sentenced by a Manhattan federal court to 30 years in prison over a large-scale financial fraud. Prosecutors said Guo raised more than USD 1 billion from 2018 to 2023 through entities including GTV Media Group, Himalaya Farm Alliance and Himalaya Exchange, using the funds for luxury homes, a yacht, sports cars and other personal spending.