News Snapshot:
(Bloomberg) -- A judge found Guo Wengui in contempt and ordered him to pay $134 million to a creditor, ruling the exiled Chinese businessman moved a yacht out of U.S. waters to shield it from debt collection. Judge Barry Ostrager of New York state court found that Guo “exercised dominion and control” over the yacht, the Lady May, and had arranged for it to leave New York waters despite an earlier court order requiring it to remain in the jurisdiction. The yacht made its way to the Bahamas. The Lady May made the news in 2020 when political strategist Steve...
