NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News New York Woman Who Scammed Investors and Directed Funds to 2017 Trump Fundraiser Admits Guilt

New York Woman Admits to Conning Investors and Channeling Funds to 2017 Trump Fundraiser

New York woman who duped investors, funneled money to 2017 Trump fundraiser pleads guilty
Up next
Piracy: NCC shuts down moviebox.ng, vows crackdown on others
Piracy: NCC shuts down moviebox.ng, vows crackdown on others
Published on 31 July 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


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, 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.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
Watchdog report says American e-waste is causing a 'hidden tsunami' in Southeast Asia
  • Local News

Watchdog Report Unveils ‘Hidden Tsunami’ of American E-Waste Impacting Southeast Asia

HANOI – An alarming amount of electronic waste from the United States,…
  • NewsFinale Journal
  • October 22, 2025
Tampa City Council to vote on ‘early works’ construction of SoHo Flood Project
  • Local News

Tampa City Council Set to Decide on Initial Steps for SoHo Flood Prevention Project

The Tampa City Council is set to cast a crucial vote on…
  • NewsFinale Journal
  • October 23, 2025
Winn-Dixie to close grocery stores in Georgia, Alabama
  • Local News

Winn-Dixie Announces Closure of Select Grocery Locations in Georgia and Alabama

JACKSONVILLE, Fla. (WRBL) — Southeastern Grocers (SEG), the parent company behind the…
  • NewsFinale Journal
  • October 22, 2025
Former NY state trooper sentenced to 6 months in jail for faking his own shooting
  • Local News

Ex-New York State Trooper Receives Six-Month Jail Term for Fabricating Shooting Incident

MINEOLA, N.Y. – A former New York state trooper, who shot himself…
  • NewsFinale Journal
  • October 22, 2025
Wanted man nabbed in Sanford months after fatal shooting, police say
  • Local News

Sanford Police Capture Suspect Months After Deadly Shooting

SANFORD, Fla. – Law enforcement officials have successfully apprehended a man sought…
  • NewsFinale Journal
  • October 23, 2025
Addressing Human Sex Trafficking in the CSRA following Columbia County arrest
  • Local News

Columbia County Arrest Sparks Renewed Efforts to Combat Human Sex Trafficking in the CSRA

AUGUSTA, Ga. — Authorities in Augusta have detained a woman following allegations…
  • NewsFinale Journal
  • October 23, 2025
Former St. Pete mayor David Fischer dies at 92: ‘Forever a staple in our city’s history’
  • Local News

Beloved St. Pete Icon and Former Mayor David Fischer Passes Away at 92

ST. PETERSBURG, Fla. (WFLA) — David Fischer, who served as mayor of…
  • NewsFinale Journal
  • October 23, 2025
Jefferson County paramedic charged with sexual exploitation of a minor
  • Local News

Jefferson County Paramedic Faces Charges for Alleged Minor Exploitation

A paramedic from Jefferson County has been suspended following his arrest on…
  • NewsFinale Journal
  • October 22, 2025
Young Sheldon Star Wendie Malick Lives Quite The Lavish Life
  • Celeb Lifestyle

Wendie Malick of ‘Young Sheldon’ Enjoys a Life of Opulence

Wendie Malick, renowned for her memorable roles over…
  • NewsFinale Journal
  • October 23, 2025
A GIF of a strike on a
  • US

US Military Executes Strategic Strike on Eastern Pacific Narco-Traffickers, Confirms Hegseth

In a significant development reported on Wednesday, U.S. Defense Secretary Pete Hegseth…
  • NewsFinale Journal
  • October 23, 2025
Storm Team 3: Quiet pattern continues into the weekend, showers return next week
  • Local News

Calm Weekend Ahead: Storm Team 3 Predicts Showers to Make a Comeback Next Week

SAVANNAH, Ga. — Wednesday brought more of the delightful weather Savannah residents…
  • NewsFinale Journal
  • October 23, 2025
BREAKING: Suspect Arrested in Kada Scott’s Ongoing Disappearance
  • Crime

Shocking Discovery: New Evidence Links Suspects to Kada Scott’s Tragic Case

A Pennsylvania man, facing charges of kidnapping a woman who was later…
  • NewsFinale Journal
  • October 23, 2025
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate