A New York woman on Wednesday convicted a multi-year-old investment plan, incorrectly promised investors in the US to the status of permanent residents and sold out to foreign investors to American politicians, including President Trump.
Orester Bay, NY’s Sheri Zu Lee convicted the money laundering conspiracy and a conspiracy to cheat the US government by disrupting the administration of the Federal Election Commission (FEC) campaign finance laws, According At the US Attorney office in the eastern district of New York.
Lee gets jailed up to 20 years
“Lee and the years of deception cheated more than 150 victims in the United States and abroad and demanded profit by selling access to the democratic process. In doing so, he attempted to corrupt a fundamental institution in this country- free from illegal foreign influence-free and transparent elections.”
Lee, along with his co -operative Lianbo Wang, incorrectly promised foreign investors that by investing in a “fictional” development project called Thompson Education Center, they would be able to get a legitimate permanent residence through the EB -5 visa program. The prosecutors said the two cheated investors from more than $ 30 million.
Lee and Wang “Lee” left the money received by transferring funds through bank accounts named after various companies. Lee once gave money in those accounts, “The pair used capital to housing, jewelry, Upskale dining, clothes and donations to American politicians.
The pair served as the so -called “Straw Donors” for international investors to illegally donate political operations and political action committees. According to prosecutors, they will promise access to MPs in exchange for fees. The money they will collect will be used for political donations and “ignored themselves and other American citizens as the contributors of funds.”
The pair charged a $ 93,000 per person per capita to participate in a fundurizer. He then made a political contribution of $ 600,000 in his name to the committee hosting the program, according to criminal complaints. Trump’s campaign was not accused of doing wrong.
“Lee, Wang, and their foreign national guests participated in the funderizer on June 28, 2017 and took photographs with the then President of the United States. [Donald Trump]Lee and Wang later laid the investment in the TEC project on 28 June 2017 and used a picture of the President, “The US Attorney Office in the Eastern district of New York said in a press release.
