A New York woman pleaded guilty on Wednesday in relation to a multi-year investment scheme, falsely promising investors permanent resident status in the U.S. and selling foreign investors access to American politicians, including President Trump.

Sherry Xue Li, of Oyster Bay, N.Y., pleaded guilty to money laundering conspiracy and conspiracy to defraud the U.S. government by obstructing the Federal Election Commission’s (FEC’s) administration of campaign finance laws, according to the U.S. Attorney's Office in the Eastern District of New York.

Li faced up to 20 years in prison and agreed to........

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