New York Woman Admits $30M Fraud, Selling Access To Trump Fundraiser

A New York woman pleaded guilty to a $30 million investment scam that included selling foreign nationals access to a 2017 Trump fundraiser and photo opportunity, according to CNBC. Sherry Xue Li pleaded guilty in federal court to money laundering conspiracy and conspiring to defraud the U.S. by obstructing campaign finance oversight. Li and her co-defendant Lianbo Wang falsely claimed that investors would receive lawful permanent U.S. residency in exchange for their investments. Li and Wang sold foreign investors access to U.S. politicians by illegally channeling foreign funds into American political campaigns. The Trump campaign was not accused of wrongdoing. Li agreed to forfeit $31.5 million and multiple properties and faces up to 20 years in prison at her December sentencing.