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Chinese billionaire Guo Wengui who used #Encrochat with former Trump advisor Steve Bannon, arrested







Chinese billionaire Guo Wengui was arrested in New York for orchestrating what the Department of Justice called a more than $1 billion fraud conspiracy.


Guo, also known as Miles Kwok, is an associate of former Trump White House advisor Steve Bannon.


The Securities and Exchange Commission filed a related civil complain against Guo and his co-defendant in the criminal case, William Je, a financial advisor.


Bannon, while working with Giuliani, had “arranged for Guo and his followers to spread salacious videos and pictures from” a laptop owned by Hunter Biden, the son of President Joe Biden, a magazine has reported.


Controversial exiled Chinese billionaire Guo Wengui — an associate of former Trump White House advisor Steve Bannon — was arrested Wednesday in New York for allegedly orchestrating a complex $1 billion fraud scheme that duped online followers with promises of outsized investment returns.


Guo allegedly used some of the money raised through his company GTV Media and other entities to buy a 50,000-square foot New Jersey mansion, a $37 luxury yacht, a $3.5 million Ferrari for his son, a $140,000 Bosendorfer piano and two Hasten 2000T mattresses that cost a whopping $36,000 apiece.


Prosecutors seized more than $650 million in alleged fraud proceeds from 21 different bank accounts and assets that included a Lamborghini Aventador SVJ Roadster automobile as part of the case against Guo and his financial advisor William Je in Manhattan federal court.



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