Published 1 year ago

DOJ charges Chinese businessman Guo Wengui, associate of Steve Bannon, in $1 billion fraud

Summary by Ground News

The controversial exiled Chinese billionaire businessman Guo Wengui — an associate of former Trump White House advisor Steve Bannon — was arrested in New York on Wednesday for orchestrating what federal prosecutors called a more than $1 billion fraud conspiracy that duped online followers with promises of outsized investment returns.

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BBC News

US accuses Chinese tycoon of billion-dollar fraud

As part of the inquiry into Guo Wengui, the US seizes some $634m from 21 different bank accounts.

1 year ago·United Kingdom

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The Guardian

Chinese business tycoon and Bannon ally Guo Wengui arrested in $1bn fraud conspiracy

US attorney says Wengui, also known as Miles Guo and Ho Wan Kwok, used stolen money to buy a $3.5m Ferrari and finance a $37m yacht

1 year ago·London, United Kingdom

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The Independent

Steve Bannon’s billionaire Chinese ally arrested by FBI in sprawling fraud case

The far-right activist and former Trump adviser was arrested on Guo Wengui’s yacht in 2020

1 year ago·London, United Kingdom

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Reuters

U.S. charges exiled Chinese businessman Guo Wengui with $1 bln fraud

The U.S. government on Wednesday charged Guo Wengui, an exiled Chinese businessman with ties to former Donald Trump adviser Steve Bannon, with leading a complex conspiracy to defraud Guo's online followers out of more than $1 billion.

1 year ago·United Kingdom

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Associated Press News

Chinese businessman arrested in $1 billion fraud conspiracy

NEW YORK — A business tycoon long sought by the government of China and known for cultivating ties to Trump administration figures including Steve Bannon was arrested Wednesday in New

1 year ago·United States

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abc News

FBI investigates fire where Chinese billionaire, a Steve Bannon ally, was arrested

Guo Wengui, an exiled Chinese billionaire with business ties to Steve Bannon, has been arrested on federal charges out of New York. Guo owned the 152-foot-long yacht Lady May on which Bannon was arrested in August 2020. 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.

1 year ago·United States

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