Who is Guo Wengui? Wiki, Biography, Age, Family, Charged in alleged fraud conspiracy

Guo Wengui Wiki – Bio

Chinese billionaire Guo Wengui was arrested Wednesday and charged with defrauding thousands of supporters of more than $1 billion through complex investment schemes, US prosecutors announced Wednesday.

Guo, a staunch critic of the Chinese government in exile in Manhattan and close to former Donald Trump adviser Steve Bannon, was arrested in New York on Wednesday morning. He is accused of defrauding or misappropriating money from investors using different schemes, including his media company GTV Media Group, a farm loan program through Himalaya Farm Alliance, and a cryptocurrency called Himalaya Coin. Guo is also known as Ho Wan Kwok and Miles Guo.

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Guo Wengui Age

Guo Wengui is 52 years old.

Using the money as promised to potential investors

Prosecutors said that instead of using the money as promised to potential investors, Guo directed the funds to invest in a hedge fund to benefit GTV and a relative, to cover maintenance payments for his luxury yacht. 37 million dollars and 145 feet, a New Jersey. mansion and a custom Bugatti sports car valued at $4.4 million. Prosecutors said in a letter to the judge that they are seeking his detention, arguing that he poses a serious flight risk.

Guo co-founded two nonprofit organizations, the Rule of Law Foundation and the Rule of Law Society, which prosecutors allege he used to attract followers who believed in many of his ideas. Those nonprofits were linked to a group promoting the theory that the new coronavirus was likely engineered in a Chinese lab. The rule of law organizations were co-founded by Guo and Bannon.

Bannon has not been charged in this case. Bannon was arrested in 2020 on Guo’s yacht on unrelated fraud charges stemming from a border wall fundraising effort. Bannon was pardoned by Trump but indicted on similar state charges. Bannon has pleaded not guilty.

Prosecutors said they have seized $634 million from 21 bank accounts and a Lamborghini Aventador SVJ Roadster. In addition to criminal charges of conspiracy, wire fraud, securities fraud, international money laundering and obstruction of justice, Guo was also sued by the Securities and Exchange Commission.

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