- Two New York residents were arrested in connection to an investment scam defrauding more than 150 investors.
- Sherry Xue Li and Lianbo Wang were charged with wire fraud conspiracy and money laundering conspiracy.
- They are accused of using the funds from the scheme to unlawfully donate to US politicians and political campaigns.
Two New York residents were arrested in connection to a $27 million investment scam, which included charging 12 investors $93,000 each to attend a Trump fundraiser in 2017, according to a federal criminal complaint.
Sherry Xue Li, 50, and Lianbo Wang, 45, both of Oyster Bay, New York, were charged with wire fraud conspiracy, money laundering conspiracy, and conspiracy to defraud the United States by obstructing the Federal Election Commission’s…
