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Chinese Businessman

All articles tagged with #chinese businessman

business1 year ago•1 min saved

Exiled Chinese Billionaire Guo Wengui Convicted in $1B Fraud Scheme

Self-exiled Chinese businessman Guo Wengui has been convicted by a US court of defrauding his online followers in a billion-dollar scam, facing nine criminal counts including racketeering, fraud, and money laundering. Guo, a critic of the Chinese Communist Party and associate of Stephen Bannon, raised over $1 billion from followers for investment and cryptocurrency schemes to fund his lavish lifestyle. He faces sentencing on 19 November and could receive decades in prison.

via BBC.com|

#business #chinese-businessman #fraud

business2 years ago

The Enigmatic Appeal of a Chinese Businessman Accused of $1 Billion Fraud

Chinese businessman, Jia Yueting, charged with $1 billion fraud, has a large following of supporters who are drawn to his charisma and vision for the future of technology. Despite his legal troubles, many of his followers remain loyal and believe in his ability to revolutionize the industry.

via The Wall Street Journal|

#allure #business #charges

crime2 years ago•0 min saved

Chinese businessman Guo Wengui arrested in $1 billion fraud conspiracy.

Chinese businessman Guo Wengui, who has been living in exile in the US, has been arrested on charges of fraud. The charges relate to allegations that he lied to obtain a $40m loan from a US-based lender. Guo, who is a vocal critic of the Chinese government, has been accused of a range of crimes by Beijing, including bribery and rape, which he denies.

via Financial Times|

#arrest #chinese-businessman #crime