Guo Wengui, an exiled Chinese billionaire also known as Miles Guo, was convicted by a U.S. jury on Tuesday on several counts, including racketeering conspiracy and wire fraud.

“Moments ago, a unanimous jury found Miles Guo guilty of racketeering conspiracy and various securities fraud, wire fraud, and money laundering charges. He faces decades in prison,” US Attorney Damian Williams said in a statement.

Guo was arrested in March 2023 on suspicion of orchestrating a more than $1 billion fraud conspiracy that included cryptocurrency. On Tuesday, he was found guilty of nine out of 12 counts, primarily soliciting investments in various entities through false statements and representations to hundreds of thousands of his online followers.

“Thousands of Guo’s online followers were victimized …