Chinese billionaire Guo Wengui indicted for $1 billion fraud, linked to Steve Bannon.
TL;DR
Guo Wengui, a Chinese billionaire and ally of Steve Bannon, has been indicted on 12 counts of felony fraud in New York. Guo is accused of defrauding his online supporters of over $1 billion by falsely soliciting investments in his businesses and misappropriating the funds for personal use. He faces up to 20 years in prison if convicted. Guo's arrest represents a major setback for the Bannon-linked MAGA right, with one of Bannon's key funders facing criminal indictment and having over half a billion in assets seized by the federal government.
- Who is Guo Wengui? A Steve Bannon ally and billionaire just got indicted. Vox.com
- DOJ charges Chinese businessman Guo Wengui, associate of Steve Bannon, in $1 billion fraud CNBC
- Guo Wengui: US accuses Chinese tycoon of billion-dollar fraud BBC
- Steve Bannon Pal Guo Wengui Arrested in $1 BILLION Fraud Conspiracy The Daily Beast
- Guo Wengui, Exiled Chinese Billionaire, Charged With Fraud in New York The New York Times
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