Chinese Billionaire and Bannon-Linked Businessman Arrested in NYC Fraud Conspiracy

1 min read
Source: New York Post
Chinese Billionaire and Bannon-Linked Businessman Arrested in NYC Fraud Conspiracy
Photo: New York Post
TL;DR

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.

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