Hafetz also said Li faces between 210 to 262 months in prison if convicted, which “alone is a significant reason for Ms. Li and Wang were both ordered held without bail Monday after prosecutor Josh Hafetz called both “significant” flight risks who could flee to China which doesn’t extradite to the US. The pair raised about $16.5 million that way, as well as about $11 million from a phantom initial public offering of stock, according to prosecutors. The government alleges that the defendants hooked many of their victims by assuring them that a $500,000 investment would get them lawful permanent residence in the US through a special visa program. The two defendants charged 12 foreign nationals $93,000 each for admission to the fund raiser and used that money to make $600,000 in unlawful political campaign contributions to the committee that hosted the event, the US claims. A photo Li took with Trump and his wife Melania during that event was included in the 52-page criminal complaint. Li, Wang and their foreign national guests attended a June 28, 2017, fund raiser and posed for photographs with Trump, according to the criminal complaint. Foreign money pollutes our immigration and democratic processes, and we must do all we can to protect them.” However, only one promise came to fruition, the access to political power. “Tens of millions of dollars came in from investors and straw donors, who expected their money would bear fruit. “We allege Li and Wang promised investors green cards, access to political figures, and dividends on their money,” Peace said in a statement.
#Trump finances series
US Attorney Breon Peace in Brooklyn said the two, both naturalized US citizens, enticed their victims to invest in a series of fake businesses, including a sham real estate investment, while making illegal donations to campaigns.
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