All articles tagged with #guo wengui
Exiled Chinese businessman Guo Wengui, who had ties to former White House adviser Stephen Bannon, was convicted of defrauding his online followers of over $1 billion. Guo used the funds to support a lavish lifestyle, including purchasing a yacht and a mansion. He was found guilty on nine of 12 counts and faces decades in prison. Guo's sentencing is scheduled for November 19.
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.
Self-exiled Chinese billionaire Guo Wengui was convicted by a U.S. jury of defrauding his followers out of over $1 billion through bogus investments, using the funds to support a lavish lifestyle. Guo, who fled China in 2014 and sought asylum in the U.S., was found guilty on nine of 12 criminal counts, including racketeering conspiracy. His defense argued that the prosecution lacked concrete evidence, but the jury sided with the prosecution's claims of Guo's extensive fraud schemes.
Court documents reveal that Chinese businessman Guo Wengui funneled millions of dollars to influential figures in MAGA World, including Steve Bannon, Jason Miller, and Fox News, as part of a "fraudulent scheme" to hide wealth from creditors. The trustee in Guo's bankruptcy case is seeking to recover the funds, targeting entities such as Gettr, Bannon Strategic Advisors, and Jamestown Associates. The materials also expose ties between Guo and key players on the American right, including payments to Washington Times columnist Bill Gertz's nonprofit. Notably absent from the list of defendants are Donald Trump Jr. and former Trump trade adviser Peter Navarro.
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.
Authorities are investigating whether the fire that broke out in the Manhattan apartment of Chinese billionaire and accused fraudster Guo Wengui was started remotely. Guo's luxury apartment was wired for sound to record his visitors, and the fire destroyed his wood-paneled library. Guo was charged with running a billion-dollar fraud scheme and using the ill-gotten gains to buy a New Jersey mansion, a yacht, and other lavish items. He faces a maximum sentence of life in prison if convicted.
Exiled Chinese businessman Guo Wengui has been charged by the US government with leading a complex conspiracy to defraud his online followers out of more than $1bn. Guo, with help from his financial adviser Kin Ming Je, allegedly cheated thousands of followers since 2018 by promising "outsized" investment returns, but diverting much of their money to fund lavish lifestyles for himself and his family. Guo has been charged with 11 criminal counts including securities fraud, wire fraud and concealment of money laundering. He pleaded not guilty and was ordered detained without bail.
Chinese billionaire and critic of the Chinese Communist Party, Guo Wengui, has been charged in the US with defrauding investors out of $1bn. Guo is accused of pocketing money raised from investors who were promised outsized returns for backing a number of his business ventures. He is also alleged to have laundered hundreds of millions of stolen funds to conceal the conspiracy’s illegal activities and continue the fraud. Guo and his business partner face 11 charges, including wire fraud, securities fraud, and money laundering.
Chinese billionaire and exiled businessman Guo Wengui, also known as Miles Guo, has been arrested in New York for allegedly orchestrating a $1 billion fraud scheme. He is accused of defrauding thousands of his online followers by promising outsized financial returns and other benefits, and then misappropriating hundreds of millions of dollars of fraudulently obtained funds. Guo's financier, Kin Ming Je, was also charged in the indictment. The US government has seized $634 million in alleged fraud proceeds from 21 different bank accounts, as well as assets purchased with the proceeds of the alleged fraud. Guo is a business associate of former Trump White House adviser Steve Bannon, who was arrested on his yacht in a fraud case in August 2020.
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.
Exiled Chinese billionaire Guo Wengui, a business associate of Steve Bannon, has been charged with orchestrating a complex conspiracy to defraud thousands of his online followers out of at least $1 billion. Guo and a co-defendant are accused of using fraudulent and fictitious business and investment opportunities to solicit, launder and misappropriate money from their victims. The money was used to purchase luxury items, including a car, a yacht, and two $36,000 mattresses. Guo was arrested in New York and is facing charges of fraud and financial 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.
Chinese businessman Guo Wengui, an associate of Steve Bannon, has been arrested in New York for allegedly orchestrating a $1 billion fraud conspiracy through his company GTV Media and other entities. Guo allegedly used some of the money raised to buy luxury items, including a mansion, yacht, Ferrari, piano, and mattresses. The SEC separately filed a related civil complaint against Guo, accusing him of making misrepresentations in raising hundreds of millions of dollars from investors through a cryptocurrency asset known as H-Coin. Guo and his financier Kin Ming Je are charged with wire fraud, securities fraud, bank fraud, and money laundering in the criminal case.
Exiled Chinese billionaire Guo Wengui, who has business ties with Steve Bannon, has been arrested by the FBI on charges of orchestrating a $1 billion fraud. Guo and Bannon have been under investigation in connection with GTV Media Group, which the Securities and Exchange Commission previously accused of violating securities laws. The SEC also filed civil charges against Guo and his financial adviser for "multiple offering frauds" that targeted retail investors through online and social media posts and videos. Bannon helped Guo found GTV, but has not been charged.