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Manhattan penthouse once owned by convicted Chinese fraudster Guo Wengui has resurfaced on the market for $24 million, a significant drop from its initial $86 million asking price in 2015. The property, located at the prestigious Sherry-Netherland building, boasts breathtaking views of Central Park and was initially accepted by the co-op board thanks to a letter from former British Prime Minister Tony Blair.

    However, Guo's reputation took a turn for the worse after he was arrested in 2023 on charges of orchestrating a billion-dollar fraud scheme. The FBI raided his penthouse while he was still inside, and a mysterious fire broke out shortly after. Sources suggested that the blaze may have been intentionally set remotely, with the apartment allegedly wired to record guests.

    Guo's downfall continued when he was convicted in July of defrauding online followers through an investment and cryptocurrency scheme. He faces decades in jail or deportation to China, where he also faces criminal charges. The penthouse, which features 15 rooms and stunning views of the Manhattan skyline, has been left in rough shape following the fire.

    Despite its condition, the property remains a desirable asset, with a full-floor layout spanning 7,000 square feet and six bedrooms. The current listing includes work to repair the damage from the fire, and the property is being sold by Serena Boardman of Sotheby's.