Exiled Chinese Tycoon Accused of Stealing $1B for Lavish Lifestyle

Exiled Chinese businessman Miles Guo is on trial in New York for allegedly scamming his followers out of over $1 billion to fund a lavish lifestyle. Prosecutors claim Guo used his online influence to pitch fraudulent investments, while his defense argues his businesses were legitimate and aimed at opposing the Chinese Communist Party. Guo faces multiple charges including fraud and money laundering.