Chinese Billionaire Guo Wengui Charged in $1 Billion Fraud Conspiracy by DOJ and FBI.
TL;DR Summary
Exiled Chinese billionaire Guo Wengui, a business associate of Steve Bannon, has been charged with orchestrating a complex conspiracy to defraud thousands of his online followers out of at least $1 billion. Guo and a co-defendant are accused of using fraudulent and fictitious business and investment opportunities to solicit, launder and misappropriate money from their victims. The money was used to purchase luxury items, including a car, a yacht, and two $36,000 mattresses. Guo was arrested in New York and is facing charges of fraud and financial conspiracy.
- Guo Wengui, Exiled Chinese Billionaire, Charged With Fraud in New York The New York Times
- DOJ charges Chinese businessman Guo Wengui, associate of Steve Bannon, in $1 billion fraud CNBC
- Steve Bannon Pal Guo Wengui Arrested in $1 BILLION Fraud Conspiracy The Daily Beast
- Guo Wengui Charged in Alleged $1 Billion Fraud Conspiracy The Wall Street Journal
- Exiled Chinese businessman Guo Wengui busted by FBI in $1 billion fraud scheme New York Post
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