Self-exiled Chinese businessman's chief of staff pleads guilty weeks before trial

NEW YORK — The chief of staff of a Chinese businessman sought by the government of China pleaded guilty to conspiracy charges on Friday, weeks before her boss goes to trial in New York in a $1 billion fraud case.

At a sentencing scheduled for Sept. 10, Wang faces up to 10 years in prison. Without the plea, she could have faced life in prison if she was convicted.Wang, 45, spoke only English during her plea proceeding, letting the earphones she was provided by an interpreter dangle below her ears as she described her crimes. Wearing jail clothing, she wore leg shackles throughout the proceeding.

According to a charging document, Wang on June 5, 2020, authorized a wire transfer of $100 million from GTV's parent company, Saraca Media Group Inc. to a high-risk hedge fund for the benefit of Saraca and its ultimate beneficial owner, Guo's son. Prosecutors said the $100 million consisted of investor funds obtained through fraudulent claims.She added: “I take full responsibility and I'm very sorry for my actions, your honor.

The wife of a California doctor accused of deliberately driving a car off a cliff with his family inside has begged prosecutors to drop the charges against him, according to US media reports. Dharmesh Patel, 42, has pleaded not guilty to three counts of attempted murder. Patel, a radiologist, was driving his white 2021 Tesla Model Y along the Pacific Coast Highway south of San Francisco, when it plunged several hundred feet off the cliff at Devil's Slide.

Source: Law Daily Report (lawdailyreport.net)

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