A U.S. judge on Tuesday rejected exiled Chinese businessman Guo Wengui's bid to dismiss an indictment accusing him of defrauding thousands of investors out of more than $1 billion. U.S. District Judge Analisa Torres in Manhattan said prosecutors sufficiently alleged that Guo engaged in a pattern of racketeering through four fraud schemes, and that proving it was a matter for trial. Lawyers for Guo did not immediately respond to requests for comment after business hours.
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