{"id":341425,"date":"2026-02-27T17:48:10","date_gmt":"2026-02-27T22:48:10","guid":{"rendered":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/woman-who-duped-investors-funneled-money-to-trump-fundraiser-gets-9-years-in-prison"},"modified":"2026-02-27T17:48:13","modified_gmt":"2026-02-27T22:48:13","slug":"woman-who-duped-investors-funneled-money-to-trump-fundraiser-gets-9-years-in-prison","status":"publish","type":"post","link":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/woman-who-duped-investors-funneled-money-to-trump-fundraiser-gets-9-years-in-prison","title":{"rendered":"Lady who duped traders, funneled cash to Trump fundraiser will get 9 years in jail"},"content":{"rendered":"


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CENTRAL ISLIP, N.Y. — <\/span>A New York businesswoman was sentenced Friday to nine years in federal prison over a financial scheme<\/a> 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<\/a>.<\/p>\n

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. <\/p>\n

The 54-year-old Oyster Bay resident, who has been detained since her arrest in 2022, pleaded guilty last year<\/a> to money laundering conspiracy and conspiracy to defraud the U.S. by obstructing the Federal Election Commission\u2019s administration of campaign finance laws. <\/p>\n

Her co-defendant, Lianbo Wang, also pleaded guilty to similar charges and was sentenced to five years in prison.<\/p>\n

Li\u2019s lawyer didn\u2019t immediately respond to an email seeking comment Friday, but U.S. Attorney Joseph Nocella said she \u201cfaces justice for her cynical schemes.\u201d<\/p>\n

\u201cShe peddled false promises and outright lies to her many investors and stuffed her pockets while they suffered devastating losses,\u201d he said in a statement.<\/p>\n

Prosecutors say Li and Wang for years convinced investors, many of them from China, into contributing $500,000 each to a fictitious development project, with a false promise that it would guarantee them lawful permanent resident status in the U.S.<\/p>\n

Instead, the two, who are naturalized U.S. citizens, used millions of dollars from those investments for personal expenses, including clothing, jewelry, housing, vacation travel and upscale dining, according to prosecutors. <\/p>\n

They say Li and Wang also sold investors access to U.S. politicians and used the proceeds to make illegal contributions to U.S. political campaigns and committees. <\/p>\n

In one instance, the two charged investors $93,000 each for admission to a 2017 Trump fundraiser, then used the money to make illegal donations totaling $600,000 to the committee hosting the event.<\/p>\n

Li even took a photograph with Trump and his wife, Melania, at the event, and used the image to solicit donations to the fake development project, prosecutors said.<\/p>\n

The campaigns and committees were unaware of the scheme, and no allegations of criminal wrongdoing were lodged against them, prosecutors said.<\/p>\n<\/div>\n


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