Chinese billionaire Guo Wengui indicted for $1 billion fraud, linked to Steve Bannon.

Guo Wengui, a Chinese billionaire and ally of Steve Bannon, has been indicted on 12 counts of felony fraud in New York. Guo is accused of defrauding his online supporters of over $1 billion by falsely soliciting investments in his businesses and misappropriating the funds for personal use. He faces up to 20 years in prison if convicted. Guo's arrest represents a major setback for the Bannon-linked MAGA right, with one of Bannon's key funders facing criminal indictment and having over half a billion in assets seized by the federal government.