Sherry Xue jailed for funnelling Chinese investor funds to Trump campaign
South China Morning Post
by Associated PressFebruary 27, 2026
A New York businesswoman was sentenced on Friday to nine years in federal prison over a financial scheme that ripped off more than US$30 million from foreign investors and funnelled some of the stolen money into American political campaigns, including a fundraiser for US President Donald Trump.
Sherry Xue Li was also ordered to forfeit US$31.5 million, as well as property at three locations, and to make restitution to her victims.
The 54-year-old Oyster Bay resident, who has been detained since...
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Originally published on South China Morning Post on 2/27/2026