US EditionSelf-exiled Chinese billionaire Guo Wengui convicted of defrauding followers after fleeing to US
- Guo Wengui, a self-exiled Chinese business tycoon critical of the Communist Party, was convicted in the US of fraud to live luxuriously, exploiting devoted followers.
- Interrelated schemes by Guo to defraud followers resulted in $1 billion invested and a life of excess in a mansion, Lamborghini, and yacht.
- Guo was found guilty of spouting lies to deceive followers for financial gain.
67 Articles
67 Articles
Chinese tycoon Guo Wengui convicted of fraud in the US
A wealthy Chinese businessman Guo Wengui, a self-styled opponent of the authorities in Beijing, was found guilty of defrauding customers of more than $1 billion in a New York federal court on Tuesday, prosecutors said. Guo presented himself as a fierce critic of the Chinese Communist Party and a fervent defender of democracy, while keeping links with US right-wing figure Steve Bannon, recently jailed in a separate case.
Miles Guo is close to former advisor to re-election candidate Donald Trump The Chinese billionaire Miles Guo, who lives in exile in the United States and is close to Trump networks in the country, was convicted this Tuesday, the 16th, of stealing millions of dollars from his followers in his activities against the Beijing government. World: Trump's security boost after alleged threat from Iran raises questions about Secret Service security breac…
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