Guo Wengui's NYC Penthouse and NJ Mansion Hit Market at Steep Discounts

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Real Estate Nouvelles

郭文贵,Fraud,Real Estate

Two properties owned by convicted fraudster and Chinese billionaire Guo Wengui, including his former Manhattan penthouse and a New Jersey mansion, are now for sale at significantly reduced prices. The properties come with a history of controversy, including a mysterious fire at the penthouse during Guo's arrest and allegations of using investor funds for lavish purchases.

Two properties in New York City and New Jersey owned by the convicted fraudster and Chinese billionaire Guo Wengui hit the market at significant price cuts.Two properties tied to the Chinese billionaire and convicted fraudster Guo Wengui have resurfaced for sale — with storied pasts, if not staggering markdowns, that highlight their tainted histories.

This NJ home sold for $255K over asking price — here’s why every house in the area will likely face the same fortuneTop US vacation home markets for 2024 revealed — with the top spot seeing a massive rise in popularity Part of the funds were used to purchase a $26.5 million mansion in New Jersey — a property also now for sale — and a $37 million yacht. He was found guilty on nine of the 12 criminal charges, including racketeering and money laundering.His sentencing is scheduled for Jan. 6, 2025, with the possibility of decades in prison or deportation back to China, where he faces additional charges.

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