A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced Monday to 30 years in a U.S. prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars.
Chase Bank steps up efforts to chase away financial fraudsters
Financial fraud, aided by generative artificial intelligence (AI) is in the double digits of billions of dollars and on the rise, according to experts.