All articles tagged with #miles guo
Exiled Chinese businessman Miles Guo has been convicted of racketeering conspiracy, securities fraud, wire fraud, and money laundering, after defrauding thousands of his followers. He faces decades in prison, and hundreds of millions of dollars in fraud proceeds have been seized.
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.
Steve Bannon, who has ties to an indicted Chinese billionaire accused of fraud, accused Elon Musk of having "paymasters" in Beijing and being a toady to the Chinese government. This isn't the first time Bannon has accused Musk of serving the Chinese Communist Party. Musk has expressed admiration for the Chinese government and has been known to create business ties with China. Bannon was arrested on Guo's yacht in 2020 and charged with crimes including money laundering offenses linked to the "We Build the Wall" fundraising campaign.