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South China Morning Post
31-07-2025
- Business
- South China Morning Post
US woman who funnelled Chinese investor money to Trump campaign pleads guilty
A New York businesswoman has pleaded guilty in connection with a financial scheme that ripped off more than US$30 million from foreign investors and funnelled some of the stolen money into US political campaigns, including a 2017 fundraiser for President Donald Trump during his first term. Sherry Xue Li, 48, of Oyster Bay, pleaded guilty on Wednesday in federal court on Long Island to money laundering conspiracy and conspiracy to defraud the US by obstructing the Federal Election Commission's administration of campaign finance laws. She faces up to 20 years in prison and is set to be sentenced on December 5. Her lawyer, Kevin Keating, declined to comment on the plea and the charges on Wednesday. She has been detained since her arrest in 2022. Li's co-defendant, Lianbo Wang, pleaded guilty to similar charges in March 2024 and was sentenced to five years in prison. Prosecutors say the scheme went on for nearly a decade. Li and Wang coaxed investors, many of whom were from China, into contributing US$500,000 each to a fictitious development project, with a false promise to guarantee them lawful permanent resident status in the US, authorities said. They used millions of dollars from those investments for personal expenses, including clothing, jewellery, housing, holiday travel and upscale dining, officials said.
Yahoo
31-07-2025
- Business
- Yahoo
New York woman who duped investors, funneled money to 2017 Trump fundraiser pleads guilty
A New York businesswoman has pleaded guilty in connection with a financial scheme that ripped off more than $30 million from foreign investors and funneled some of the stolen money into U.S. political campaigns, including a 2017 fundraiser for President Donald Trump during his first term. Sherry Xue Li, 48, of Oyster Bay, pleaded guilty Wednesday in federal court on Long Island to money laundering conspiracy and conspiracy to defraud the U.S. by obstructing the Federal Election Commission's administration of campaign finance laws. She faces up to 20 years in prison and is set to be sentenced on Dec. 5. Her lawyer, Kevin Keating, declined to comment on the plea and the charges Wednesday. She has been detained since her arrest in 2022. Li's co-defendant, Lianbo Wang, pleaded guilty to similar charges in March 2024 and was sentenced to five years in prison. Prosecutors say the scheme went on for nearly a decade. Li and Wang coaxed investors, many of whom were from China, into contributing $500,000 each to a fictitious development project, with a false promise to guarantee them lawful permanent resident status in the U.S., authorities said. They used millions of dollars from those investments for personal expenses, including clothing, jewelry, housing, vacation travel and upscale dining, officials said. Li and Wang also sold investors access to U.S. politicians at fundraisers and used the proceeds to illegally contribute millions of dollars to U.S. political campaigns and committees. The campaigns and committees were unaware of the scheme, and no allegations of criminal wrongdoing were lodged against them, prosecutors said. On June 28, 2017, Donald Trump attended a fundraiser for his 2020 reelection bid at his hotel in Washington. Prosecutors said Li and Wang charged each of the 12 foreign nationals $93,000 for admission to the event, then used the funds to make illegal contributions in their names totaling $600,000 to the fundraising committee hosting the event. Li took a photograph with Trump and his wife, Melania, at the event and would later use it to solicit donations to the fake development project, prosecutors said. Other investors or prospects also received brochures featuring Li or Wang with Trump and other politicians, including Democratic then-New York Gov. Andrew Cuomo, prosecutors said. Li and Wang, who are naturalized U.S. citizens, also contributed millions of dollars to other federal, state and local campaigns, which were not identified by authorities. 'Li defrauded more than 150 victims in the United States and abroad through years of lies and deception and sought to profit by selling access to the democratic process,' Joseph Nocella Jr., U.S. attorney for the Eastern District of New York, said in a statement. 'In doing so, she attempted to corrupt a fundamental institution in this country — fair and transparent elections free from unlawful foreign influence." As part of her plea agreement, Li agreed to forfeit $31.5 million and three properties. Solve the daily Crossword
Boston Globe
27-06-2025
- General
- Boston Globe
For sale: Homes with serene backyard retreats
SQUARE FEET 1,821 LOT SIZE 0.16 acre BEDROOMS 3 BATHS 1 full, 1 half LAST SOLD FOR $545,000 in 2005 PROS This 1941 Colonial with hardwood floors sits high on a side street between Cunningham Park and East Milton Square. Right of the entry foyer, the dining room is open to a kitchen with quartz counters, breakfast bar, stainless appliances, and greenhouse window over the sink. Past a newer half bath, the living room, with a fireplace, has French doors that lead to a heated sunroom. Sliders in the living room (as well as a rear kitchen door) open to an oasis of a backyard with waterfall koi pond, pergola, shed, stone grilling area, deck, and covered patio with ceiling fan. Three second-floor bedrooms—one with a private deck, another with three closets and attic walk-up—share a remodeled bath. CONS No central air; an offer has been accepted. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up A pond in the yard of 28 Westvale Road in Milton. Handout Advertisement Kevin Keating, Keating Brokerage, 617-699-7179, Kevin@ $1,300,000 91 EDMANDS ROAD / FRAMINGHAM The backyard retreat at 91 Edmands Road in Framingham. Handout SQUARE FEET 3,618 LOT SIZE 1.12 acres BEDROOMS 3 BATHS 2 full, 1 half LAST SOLD FOR $155,000 in 1994 PROS Clad in wood and stone, this 1956 contemporary harmonizes with its lush surroundings. Enter into a living room with wood stove and soaring beamed ceilings. The kitchen—with built-in espresso machine and copper farmhouse sink—is open to a tiled great room with stone fireplace, vaulted ceilings, skylights, and walls of windows. Glass doors open to a wraparound patio and otherworldly backyard that features a pond-style swimming pool with three waterfalls, pergola, tiki bar, and outdoor shower. A bedroom, full bath, and office are off the kitchen. Upstairs, find a primary bedroom with cathedral ceilings and private balcony, another bedroom with laundry, and a roomy bath with jetted tub and step-in shower. The basement holds a speakeasy lounge with custom shuffleboard bar and a half bath. CONS Upstairs lacks central air. Advertisement 91 Edmands Road in Framingham Handout Rosemary Comrie, Comrie Real Estate, 978-375-3908, Rosemary@ Jon Gorey is a regular contributor to the Globe Magazine. Send comments to
