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New York woman who duped investors and funneled money to Trump fundraiser gets 9 years in prison

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New York woman who duped investors and funneled money to Trump fundraiser gets 9 years in prison
News

News

New York woman who duped investors and funneled money to Trump fundraiser gets 9 years in prison

2026-02-28 05:44 Last Updated At:05:50

CENTRAL ISLIP, N.Y. (AP) — A New York businesswoman was sentenced Friday to nine years in federal prison over a financial scheme that ripped off more than $30 million from foreign investors and funneled some of the stolen money into U.S. political campaigns, including a fundraiser for President Donald Trump.

Sherry Xue Li was also ordered to forfeit $31.5 million, as well as property at three locations, and to make restitution to her victims.

The 54-year-old Oyster Bay resident, who has been detained since her arrest in 2022, pleaded guilty last year to money laundering conspiracy and conspiracy to defraud the U.S. by obstructing the Federal Election Commission’s administration of campaign finance laws.

Her co-defendant, Lianbo Wang, also pleaded guilty to similar charges and was sentenced to five years in prison.

Li’s lawyer didn’t immediately respond to an email seeking comment Friday, but U.S. Attorney Joseph Nocella said she “faces justice for her cynical schemes.”

“She peddled false promises and outright lies to her many investors and stuffed her pockets while they suffered devastating losses,” he said in a statement.

Prosecutors say Li and Wang for years convinced investors, many of them from China, into contributing $500,000 each to a fictitious development project, with a false promise that it would guarantee them lawful permanent resident status in the U.S.

Instead, the two, who are naturalized U.S. citizens, used millions of dollars from those investments for personal expenses, including clothing, jewelry, housing, vacation travel and upscale dining, according to prosecutors.

They say Li and Wang also sold investors access to U.S. politicians and used the proceeds to make illegal contributions to U.S. political campaigns and committees.

In one instance, the two charged investors $93,000 each for admission to a 2017 Trump fundraiser, then used the money to make illegal donations totaling $600,000 to the committee hosting the event.

Li even took a photograph with Trump and his wife, Melania, at the event, and used the image to solicit donations to the fake development project, prosecutors said.

The campaigns and committees were unaware of the scheme, and no allegations of criminal wrongdoing were lodged against them, prosecutors said.

FILE - The complaint and affidavit in support of an arrest warrant against Sherry Xue Li and Lianbo "Mike" Wang is photographed on Monday, July 18, 2022. (Department of Justice via AP, File)

FILE - The complaint and affidavit in support of an arrest warrant against Sherry Xue Li and Lianbo "Mike" Wang is photographed on Monday, July 18, 2022. (Department of Justice via AP, File)

ST PAUL, Minn. (AP) — Two American cardinals and the Vatican’s ambassador to the U.S. denounced the mass deportations in Minnesota under the federal government's immigration crackdown, but they urged everyone to repair strained relations and work together toward humane solutions.

In St. Paul on Friday, Cardinal Robert McElroy of Washington addressed growing concerns with immigration enforcement while highlighting the need to be peacemakers on the polarizing issue after a Mass for migrants he celebrated with his fellow prelates and the Twin Cities’ archbishop.

McElroy depicted this winter’s enforcement surge as “almost a siege” that unfolded in “literally the heartland of our country.”

“Catholic teaching supports the nation’s right to control its border and, in these cases, to deport those who’ve been convicted of serious crimes,” he said. “Seeking to deport millions of men and women and children — families who often lived here for decades, many children who don’t know other countries — is contrary to Catholic faith and, more fundamentally, contrary to basic human dignity.”

McElroy joined Cardinal Joseph Tobin of Newark, New Jersey; Cardinal Christophe Pierre, the apostolic nuncio to the United States; Archbishop Bernard Hebda of St. Paul and Minneapolis, and more than two dozen other Catholic bishops for the Mass. A part of their show of solidarity with migrants, the morning service was held in the chapel of the University of St. Thomas, where they were attending a conference.

“I’m very proud, personally, to see our church, you know, be on the side of those who suffer,” Pierre said, adding that Pope Leo XIV agreed with the U.S. bishops’ support of migrants.

In his homily, Hebda spoke of his anger when migrant communities were too fearful to come to church while “ masked men ” — a reference to federal law enforcement — roamed the streets and violence erupted during this winter’s immigration crackdown in the Twin Cities.

But he encouraged the faithful — including seminarians, members of the college community and school principals packing the pews — to cultivate kindness and focus on peace.

“That ministry of reconciliation has to be ours, in the Twin Cities and around the world,” Hebda preached.

Minnesota became a global flashpoint of tensions over arrests and deportations. An immigration enforcement surge saw thousands of federal officers in daily confrontations with activists and protesters, two of whom — Renee Good and Alex Pretti, both U.S. citizens — were killed in Minneapolis earlier this year.

Many faith leaders across denominations joined the protests, including about 100 clergy who were arrested after refusing orders to disperse at Minnesota’s largest airport during one of the biggest days of mobilization last month.

The local Catholic leadership, however, struck a more conciliatory tone.

In the immediate aftermath of both fatal shootings, Hebda highlighted the need “to lower the temperature of rhetoric” and “to rid our hearts of the hatreds and prejudices that prevent us from seeing each other as brothers and sisters.” He pointedly noted that held true “for our undocumented neighbors” as much as “for the men and women who have the unenviable responsibility of enforcing our laws.”

Similarly, on Friday, the prelates spoke of praying for everyone who has been affected — from the families of those killed to migrants and those assisting them to “the ICE men and women, too,” in McElroy’s words referring to Immigration and Customs Enforcement agents.

“We all need to engage in healing and reconciliation,” he added. “It will take a long time.”

Asked whether Catholics — the majority of whom voted for President Donald Trump in 2024 — might see advocacy for migrants as involving the church in politics, the cardinals said religion and politics both should be about the good of society.

The first allegiance is to God alone, Tobin added, but Scriptures exhort more often to do no harm to the foreigner and welcome the stranger than to love one’s neighbor.

“The Creator figured that there was a better chance we’d love people who we thought looked like us. We had to be reminded frequently about everybody else,” Tobin said.

Advocacy for migrants was a priority for the late Pope Francis, who had sparred over U.S. border policies with Trump ever since the latter was first a candidate for the White House a decade ago.

Under Leo, the first U.S. pontiff, the Catholic Church has continued to call for the humane treatment of immigrants around the world and for immigration reform in the United States specifically — something that has eluded Congress for decades.

“The longer we refuse to grapple with this issue in the political arena, the more divisive and violent it becomes,” Hebda had remarked in January.

McElroy and Tobin, alongside Cardinal Blase Cupich of Chicago, recently took to task the Trump administration over morality in foreign policy. In a January statement, they said U.S. military action in Venezuela, threats over Greenland and cuts in foreign aid risked bringing vast suffering instead of peace.

Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.

The Chapel of St. Thomas Aquinas before Catholic cardinals and bishops celebrated a Mass in solidarity with migrants in St. Paul, Minn., on Friday, Feb. 27, 2026. (AP Photo/Giovanna Dell'Orto)

The Chapel of St. Thomas Aquinas before Catholic cardinals and bishops celebrated a Mass in solidarity with migrants in St. Paul, Minn., on Friday, Feb. 27, 2026. (AP Photo/Giovanna Dell'Orto)

Seminarians, members of the University of St. Thomas and school principals participate in a Mass in solidarity with migrants celebrated by three Catholic cardinals and the Twin Cities' archbishop at the Chapel of St. Thomas Aquinas in St. Paul, Minn., on Friday, Feb. 27, 2026 (AP Photo/Giovanna Dell'Orto)

Seminarians, members of the University of St. Thomas and school principals participate in a Mass in solidarity with migrants celebrated by three Catholic cardinals and the Twin Cities' archbishop at the Chapel of St. Thomas Aquinas in St. Paul, Minn., on Friday, Feb. 27, 2026 (AP Photo/Giovanna Dell'Orto)

From left, Catholic Archbishop Bernard Hebda, and Cardinals Robert McElroy, Christophe Pierre and Joseph Tobin celebrate a Mass in solidarity with migrants at the Chapel of St. Thomas Aquinas in St. Paul, Minn., on Friday, Feb. 27, 2026 (AP Photo/Giovanna Dell'Orto)

From left, Catholic Archbishop Bernard Hebda, and Cardinals Robert McElroy, Christophe Pierre and Joseph Tobin celebrate a Mass in solidarity with migrants at the Chapel of St. Thomas Aquinas in St. Paul, Minn., on Friday, Feb. 27, 2026 (AP Photo/Giovanna Dell'Orto)

Cardinal Robert speaks to reporters after a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Cardinal Robert speaks to reporters after a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Archbishop Bernard Hebda, and Cardinals Robert McElroy, Christophe Pierre and Joseph Tobin celebrate a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Archbishop Bernard Hebda, and Cardinals Robert McElroy, Christophe Pierre and Joseph Tobin celebrate a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Cardinal Christophe Pierre speaks to reporters after a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Cardinal Christophe Pierre speaks to reporters after a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Archbishop Bernard Hebda, and Cardinals Robert McElroy, Christophe Pierre and Joseph Tobin celebrate a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Archbishop Bernard Hebda, and Cardinals Robert McElroy, Christophe Pierre and Joseph Tobin celebrate a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Cardinals Robert McElroy, Christophe Pierre, Joseph Tobin and Archbishop Bernard Hebda, and speak to reporters after a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

Cardinals Robert McElroy, Christophe Pierre, Joseph Tobin and Archbishop Bernard Hebda, and speak to reporters after a mass in solidarity with migrants at the Chapel of St. Thomas Aquinas on Friday, Feb. 27, 2026 in St. Paul, Minn. (AP Photo/Mark Vancleave)

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