Find Your Daily Voice
30°
NY Duo Charged For $27M Investment Fraud Scheme
Two New Yorkers are facing federal charges for allegedly duping foreign nationals into investing in a fictitious private school and selling access to politicians.
Long Island residents Sherry Xue Li, age 50, and Lianbo Wang, age 45, both of Oyster Bay, were arrested Monday, July 18, on multiple charges tied to a decade-long scheme that netted $27 million, according to a criminal complaint filed in US District Court in Brooklyn.
Federal prosecutors said Li and Wang convinced more than 150 victims to fork over money for the development, construction, and operation of the made-up school in Su…
