-- A Chinese businessman stood in front of a judge on Wednesday evening charged with fraud and money laundering.The suspect was all smiles in court, but the charges he's facing are very serious.
"We're seeing these kinds of scams in the investment space growing as we're seeing the economy worsen," said Linda Miller of Audident Group, LLC. "It's really surprising to me, and it continues to surprise me how many people are willing to provide a lot of their money to people like this," Miller said.
"Mr. Guo had created these nonprofits and things that would allow people to align to his views, and then that gave them a sense of credibility that he was somebody that they could trust," Miller said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: