Article #250972

Sherry Xue Li ripped off millions from foreign investors and funnelled some stolen money into US political campaigns

A New York businesswoman was sentenced Friday to nine years in federal prison over a financial scheme that ripped off more than $30m from foreign investors and funnelled some of the stolen money into US political campaigns, including a Donald Trump fundraiser during his first presidency.

Sherry Xue Li was also ordered to forfeit $31.5m, as well as property at three locations, and to make restitution to her victims.