Investigation into Fire at Guo Wengui's NYC Home Continues Amidst Fraud Allegations and Ties to Steve Bannon.
Despite being damaged by a suspicious fire and taken off the market, the Fifth Avenue penthouse tied to exiled Chinese billionaire Guo Wengui is still attracting deal-hungry buyers looking for a discount. The penthouse, which was listed for $32.5 million, suffered significant damage during the blaze, including the destruction of its wood-paneled library. Brokers say the penthouse's renovation will be even more costly and timely than usual, and there's now even more room for price negotiations. Guo was charged this week with running a billion-dollar fraud scheme and using the proceeds to buy a $26.5 million New Jersey mansion and a $37 million yacht.