New York businesswoman sentenced to nine years for $30m political finance scheme

The Guardian World

by Associated Press

February 27, 2026

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. Continue reading...

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Originally published on The Guardian World on 2/27/2026