US accuses exiled Chinese tycoon Guo Wengui of $1 billion crypto-linked fraud

Guo Wengui, an exiled Chinese billionaire, was arrested in New York on Wednesday for allegedly orchestrating a more than US$1 billion fraud conspiracy that included cryptocurrency, according to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). See related article: U.S. banking regulators warn against cryptocurrency fraud, contagion risks Fast facts […]

• 2023-03-16
• Guo Wengui U.S. Department of Justice bank fraud Ho Wan Kwok cryptocurrency

Chinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam

Exiled Chinese businessman Guo Wengui was arrested in New York on Wednesday morning and charged with fraud for allegedly orchestrating a series of fraudulent schemes that bilked retail investors out of a collective $1.4 billion.

• 2023-03-16
• Guo Wengui Chinese businessman Steve Bannon fraudulent schemes