March 25, 2023



Exiled Chinese businessman Guo Wengui busted by FBI in $1 billion fraud scheme

New York Post


An exiled Chinese billionaire and pal of former White House adviser Steve Bannon was arrested at his palatial Manhattan apartment Wednesday in a billion-dollar fraud scheme, federal authorities said.

Ho Wan Kwok, aka Guo Wengui and Miles Guo, allegedly duped thousands of online followers out of investments and spent the ill-gotten cash on lavish assets, including a $36,000 mattress, a $26.5 million New Jersey mansion, and a $37 million yacht. 

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