Sherry Xue jailed for funnelling Chinese investor funds to Trump campaign

South China Morning PostEN 1 min read 100% complete by Associated PressFebruary 27, 2026 at 11:03 PM

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Sherry Xue Li, a New York businesswoman, was sentenced to nine years in federal prison on Friday for a scheme that defrauded foreign investors of over $30 million. Li and her co-defendant, Lianbo Wang, used some of the stolen funds to contribute to American political campaigns, including a fundraiser for then-President Donald Trump. Li pleaded guilty to money laundering conspiracy and defrauding the U.S. by obstructing campaign finance laws, while Wang pleaded guilty to similar charges and received a five-year sentence. In addition to her prison sentence, Li was ordered to forfeit $31.5 million and property and to provide restitution to her victims. The US Attorney stated that Li deceived investors for personal gain, causing them significant financial losses.

Key Entities & Roles

Key Player Opposition Context

Oyster Bay 30% Joseph Nocella 40% US Department of Justice 50% Federal Election Commission 60% China 60% Donald Trump 70% Lianbo Wang ×270% United States ×280% Sherry Xue Li ×390%

Keywords

sherry xue li 100% financial scheme 90% money laundering 80% campaign finance 70% foreign investors 70% political campaigns 60% fraud 60% sentencing 50% donald trump 50% lianbo wang 40%

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Very Negative

Score: -0.70

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Source

South China Morning Post

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90%

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United States

This article was automatically classified using rule-based analysis.

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sherry xue li financial scheme money laundering campaign finance foreign investors political campaigns fraud sentencing donald trump lianbo wang

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