Miles Guo’s Bankruptcy Sparked a Global Siege on the Court
Billionaire Miles Guo used his social network to hijack his Chapter 11 case, flooding the docket with hundreds of nuisance claims and directing supporters to harass the trustee and creditors. Authorities say a web of alter-ego shell companies hid assets like a 150-foot yacht and a multi‑bedroom New Jersey mansion, while some 1,200 claims totaling about $18 billion clogged the process. The court-appointed trustee has spent tens of millions assembling and selling assets, with no creditor paid yet, as Guo awaits sentencing on fraud charges from 2023 and the liquidation drags on four years after the filing.
