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
Colleen Hoover, author of ‘It Ends With Us’ and more, reveals cancer diagnosis
  • Local News

Colleen Hoover Opens Up About Cancer Diagnosis: A Powerful Chapter in the Bestselling Author’s Life

(NEXSTAR) – Famed author Colleen Hoover, whose works have soared in popularity…
  • NewsFinale Journal
  • January 13, 2026
Multiple citations given out near Seminole County middle school as e-bike popularity increases
  • Local News

Seminole County Crackdown: E-Bike Citations Surge Near Local Middle School Amid Rising Trend

OVIEDO, Fla. – In Oviedo, a group of students recently found themselves…
  • NewsFinale Journal
  • January 13, 2026
Tensions flare in Minnesota as protesters and federal agents repeatedly square off
  • Local News

Unrest in Minnesota: A Heated Showdown Between Protesters and Federal Agents

MINNEAPOLIS – Minnesota remained on edge Tuesday following several days of protests…
  • NewsFinale Journal
  • January 13, 2026
Lebanon ex-central bank chief's corruption case being sent to top court, officials say
  • Local News

Lebanon’s Ex-Central Bank Governor Faces Top Court in High-Profile Corruption Case

BEIRUT – In a significant development, Lebanon’s top judicial body has taken…
  • NewsFinale Journal
  • January 13, 2026
Sheriff talks Jasper County Detention Center takeover
  • Local News

Sheriff Discusses New Leadership at Jasper County Detention Center

JASPER COUNTY, S.C. — The leadership at the Jasper County Detention Center…
  • NewsFinale Journal
  • January 13, 2026
Jacksonville man found dead after disappearing Monday
  • Local News

Jacksonville Police Enforce December Campaign, Issuing 68 Speeding Violations

On Tuesday, the Jacksonville Police Department shared the outcomes of a targeted…
  • NewsFinale Journal
  • January 13, 2026
Brooks & Dunn, Blake Shelton lead Rock the Country lineup in Ocala
  • Local News

Experience Country Music’s Finest: Brooks & Dunn & Blake Shelton Headline Ocala’s Rock the Country Festival

The much-anticipated Rock the Country festival is making its grand return to…
  • NewsFinale Journal
  • January 13, 2026
National Board of Review to fete 'One Battle After Another'
  • Local News

National Board of Review Celebrates ‘One Battle After Another’: A Must-See Cinematic Triumph

Sara Murphy, from left, Teyana Taylor, Paul Thomas Anderson, and Chase Infiniti…
  • NewsFinale Journal
  • January 13, 2026
Emmanuel Clase bettor claims texts with disgraced MLB star were about cockfighting
  • US

Emmanuel Clase Bettor Reveals Shocking Details of Conversations with Former MLB Star About Cockfighting

Emmanuel Clase, the former All-Star relief pitcher caught in a scandal, allegedly…
  • NewsFinale Journal
  • January 14, 2026
'West Wing' actor Timothy Busfield turns himself in to face child sex abuse charges in New Mexico
  • US

Actor Timothy Busfield Surrenders to Authorities in New Mexico on Child Sex Abuse Allegations

Emmy Award-winning actor Timothy Busfield found himself in the spotlight for all…
  • NewsFinale Journal
  • January 14, 2026
Keanu Reeves and girlfriend Alexandra Grant share cinematic kiss at Rockefeller Center
  • Celeb Lifestyle

Keanu Reeves and Alexandra Grant Steal the Spotlight with a Romantic Kiss at Iconic Rockefeller Center

Keanu Reeves and his partner Alexandra Grant continue to capture hearts with…
  • NewsFinale Journal
  • January 14, 2026
More, Please: Bari Weiss Effect Seen in Key Change to CBS News Piece on Minneapolis ICE Incident
  • News

How Bari Weiss Sparked a Media Shift: CBS News Alters Coverage of Minneapolis ICE Event

One of the most frustrating tendencies of mainstream media is their…
  • NewsFinale Journal
  • January 14, 2026
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate