The businessman courted U.S. conservatives as an anti-Communist crusader while using his supporters’ money to buy lavish homes and a Bugatti supercar.
Category: Guo Wengui
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Former Chinese Billionaire and Bannon Associate Is Sentenced for Fraud
The New York Times – Business: -
Fraud Case Against Rich Exile Who Riled Beijing Goes to Jury
Guo Wengui fled China and allied with the American right in a quixotic quest to end Communist rule. U.S. prosecutors say he stole over $1 billion from his followers.
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Fraud Trial to Begin for Chinese Billionaire Who Allied Himself With America’s Right
Charged with defrauding thousands of investors in the U.S. and overseas of more than $1 billion, Guo Wengui could face decades in prison.
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The Undoing of Guo Wengui, Billionaire Partner to Trump Allies
The New York Times – Business:He cultivated powerful allies and built an empire in China. Then, fleeing charges, he turned his charms on America. Now the law has caught up with him.