mosaique.info logo
sign up
  1. home
  3. article
  5. Guo Wengui Convicted of Defrauding Followers in Over $1 Billion Scheme

Guo Wengui Convicted of Defrauding Followers in Over $1 Billion Scheme

ai generated text

Guo Wengui, a Chinese businessman and vocal critic of the Communist Party, has been found guilty of defrauding investors out of over $1 billion. The scam allegedly involved using his online fame to deceive thousands of people into investing in bogus projects and companies. Prosecutors claim that Guo spent the stolen money on luxury goods, including a New Jersey mansion, a red Lamborghini, and a yacht. Guo was arrested in March 2023 and faced charges of racketeering conspiracy, wire fraud, and other crimes. His lawyers argued that prosecutors had not proven he cheated anyone, but the jury disagreed, finding him guilty on nine of the 12 counts against him.

  1. US
    Damian Williams
    US Attorney's Office
    1. Miles Guo, an exiled Chinese businessman and purported billionaire, brazenly operated several interrelated fraud schemes, all designed to fleece his loyal followers out of their hard-earned money so that Guo could spend his days in his 50,000 square foot mansion, driving his $1 million Lamborghini, or lounging on his $37 million yacht.
    2. Thousands of Guo's online followers were victimized so that Guo could live a life of excess.

Guo Wengui Fraud Conspiracy

  1. Chinese business man Guo Wengui, a Steve Bannon ally, arrested in alleged $1bn fraud conspiracy

sources

  1. 1.The Guardian
  2. 2.BBC
  3. 3.ABC News (Australia)
  4. 4.CTV News
  5. 5.The Times of India
  6. 6.ABC News
  7. 7.New Yorker

perspectives

  1. 1.Lawsuit
  2. 2.Social Media
  3. 3.Billionaire
  4. 4.Fraud

countries

  1. 1.CanadaCA
  2. 2.ChinaCN
  3. 3.United StatesUS

organizations

  1. 1.Chinese Communist PartyCN
  2. 2.GTV Media
  3. 3.Lamborghini
  4. 4.White HouseUS
  5. 5.Communist Party
  6. 6.Federal Bureau of InvestigationUS
  7. 7.Himalaya Exchange
  8. 8.Himalaya Farm Alliance
  9. 9.G/Clubs
  10. 10.Interpol
  11. 11.Republican Party
  12. 12.US Securities and Exchange CommissionUS

persons

  1. 1.Guo Wengui
  2. 2.Steve BannonUS
  3. 3.Donald TrumpUS
  4. 4.Miles Kwok
  5. 5.Damian WilliamsUS
  6. 6.Ryan Finkel
  7. 7.Sidhardha Kamaraju
  8. 8.Analisa Torres
  9. 9.Ho Wan Kwok
  10. 10.Kin Ming Je
  11. 11.Tony BlairGB

technicals

  1. 1.Central Park
  2. 2.Mar-A-Lago Club
  3. 3.Covid-19 Pandemic
  4. 4.Statue of Liberty
Guo Wengui Convicted of Defrauding Followers in Over $1 Billion Scheme