Sherry Xue Li: New York woman who duped investors and funneled money to Trump fundraiser gets 9 years in prison
Source: Associated Press
New York woman who duped investors and funneled money to Trump fundraiser gets 9 years in prison
Updated 4:44 PM EST, February 27, 2026
CENTRAL ISLIP, N.Y. (AP) — A New York businesswoman was sentenced Friday to nine years in federal prison over 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 fundraiser for President Donald Trump.
Sherry Xue Li was also ordered to forfeit $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 her arrest in 2022, pleaded guilty last year to money laundering conspiracy and conspiracy to defraud the U.S. by obstructing the Federal Election Commission’s administration of campaign finance laws.
Her co-defendant, Lianbo Wang, also pleaded guilty to similar charges and was sentenced to five years in prison.
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Read more: https://apnews.com/article/illegal-campaign-donations-trump-fundraiser-515c875b5055dae18951332def0fd769
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