Exiled Chinese businessman and friend of Steve Bannon arrested in NYC in excess of $1bn fraud

An exiled Chinese billionaire with backlinks to Steve Bannon has been arrested by the FBI in New York above allegations he masterminded a $1 billion fraud.

Guo Wengui, also known as Ho Wan Kwok, was detained by brokers on Wednesday early morning.

U.S. Lawyer Damian Williams mentioned: ‘Kwok is charged with lining his pockets with the revenue he stole, including getting himself, and his near family members, a 50,000 sq. foot mansion, a $3.5 million Ferrari and even two $36,000 mattresses, and funding a $37 million luxury yacht.’

Guo was intently-connected to Bannon, the proper wing firebrand who aided Donald Trump stability victory in the 2016 presidential election then served as main strategist in the White Dwelling.

Bannon was arrested on Guo’s 152ft yacht Woman Could in August 2020 on fraud prices connected to the We Construct the Wall fundraising campaign for a wall between the US and Mexico.  

Guo Wengui is pictured, left, with Steve Bannon, right. In 2018, Guo linked up with Bannon for a gimmick attempt to overthrow China's communist government

Guo Wengui is pictured, still left, with Steve Bannon, right. In 2018, Guo joined up with Bannon for a gimmick try to overthrow China’s communist federal government

The SEC has also filed expenses in opposition to Guo and his economical advisor Kin Ming Je that allege ‘multiple presenting frauds’ focusing on retail investors on the web and as a result of social media.

‘Since in or about April 2020, Guo has conducted fraudulent securities offerings that have collectively elevated at minimum hundreds of thousands and thousands of bucks from buyers in the United States and close to the world,’ the SEC filing stated.

‘Unbeknownst to those people investors, Guo and his economic adviser, Je, misappropriated a substantial part of the money elevated from selected of the Topic Choices in purchase to enrich them selves and their spouse and children members.’

Guo  gained billions by way of business ventures in China in advance of he fled to the US in 2014 to flee arrest on allegations of bribery, kidnapping, funds laundering, fraud and rape.

He submitted for personal bankruptcy in the US in February final year and claimed his property had dwindled to considerably less than $100,000.

In 2018, Guo joined up with Bannon for a gimmick attempt to overthrow China’s communist authorities. They mounted a stunt which saw a aircraft carrying an anti-CCP banner flown over the Statue of Liberty.

Guo also lose his personal blood on a document vowing to overthrow Chinese President Xi Jinping’s celebration.

This is a breaking story.

Source: | This posting initially belongs to Dailymail.co.uk

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