Woman Gets 20 Years for Bilking Chinese in $26 Million Hotel Fraud

Woman Gets 20 Years for Bilking Chinese in $26 Million Hotel Fraud
The Department of Justice building in Washington on Feb. 9, 2022. Stefani Reynolds/AFP via Getty Images
The Associated Press
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LOS ANGELES—A woman who bilked investors in a Southern California hotel and condominium project out of at least $26 million was sentenced Monday to 20 years in federal prison.

Ruixue “Serena” Shi, 38, of Arcadia was sentenced after a judge refused to allow her to withdraw her plea last year to wire fraud.