An Oyster Bay woman pleaded guilty in federal court on Wednesday, July 30, to money laundering and conspiracy to defraud the U.S. in connection with schemes that netted her and a partner over $30 million in exchange for falsely promising legal residency and access to political officials, including President Donald Trump, and making illegal political contributions, according to the U.S. Department of Justice.
When sentenced, Sherry Xue Li faces up to 20 years in prison. As part of her plea agreement, Li agreed to forfeit $31.5 million and property at three locations.
