By Jonathan Stempel
A U.S. appeals court in Manhattan on Wednesday said the exiled Chinese businessman Guo Wengui should remain in jail while he awaits trial over an alleged fraud that federal prosecutors have said exceeds $1 billion.
The 2nd U.S. Circuit Court of Appeals said it did not have a “definite and firm conviction” that a trial judge erred in rejecting Guo’s proposed $25 million bail package.
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