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Lianbo Wang

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Sherry Xue Li, a NY businesswoman, sentenced to 9 years for $30M fraud and campaign finance violations.

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Sherry Xue Li, also known as Lianbo Wang, is a New York businesswoman who was recently sentenced to nine years in federal prison. She is newsworthy due to her conviction for orchestrating a financial scheme that defrauded foreign investors of over $30 million. A portion of these stolen funds was illegally funneled into US political campaigns, including a fundraiser for Donald Trump during his presidency. In addition to the prison sentence, Li was ordered to forfeit $31.5 million and property at three locations. Her case highlights the potential for foreign money to influence American elections and the consequences for those who engage in such illegal activities. The sentencing underscores the Justice Department's commitment to prosecuting individuals involved in campaign finance violations and protecting the integrity of the electoral process.
Last updated: April 4, 2026