Steve Bannon Associate Guo Wengui Arrested In $1 Billion Fraud Conspiracy
2 years ago

Steve Bannon Associate Guo Wengui Arrested In $1 Billion Fraud Conspiracy

Huff Post  

Former White House Chief Strategist Steve Bannon greets fugitive Chinese billionaire Guo Wengui before introducing him at a news conference on November 20, 2018. DON EMMERT via Getty Images NEW YORK — A business tycoon long sought by the government of China and known for cultivating ties to Trump administration figures including Steve Bannon was arrested Wednesday in New York on charges that he oversaw a $1 billion fraud conspiracy. U.S. Attorney Damian Williams said in a release that Guo was charged with “lining his pockets with the money he stole, including buying himself, and his close relatives, a 50,000 square foot mansion, a $3.5 million Ferrari, and even two $36,000 mattresses, and financing a $37 million luxury yacht.” It was on Guo’s 150-foot yacht that former Bannon, President Donald Trump’s onetime chief strategist, was once arrested on federal charges. The Securities and Exchange Commission also brought civil charges against Guo on Wednesday, saying in a federal court filing that Guo led others in committing multiple frauds since April 2020.

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History of this topic

Self-exiled Chinese businessman’s chief of staff gets 10 years in prison in $1B fraud
2 months, 2 weeks ago

Self-exiled Chinese businessman’s chief of staff gets 10 years in prison in $1B fraud

Associated Press  

NEW YORK — The chief of staff for a Chinese businessman sought by the government of China was sentenced Monday to 10 years in prison for her role in the $1 billion fraud case. Judge Analisa Torres said Wang was an “integral part of the conspiracy” carried out by Guo Wengui, who was convicted at a July trial and awaits …

Xi Jinping's order? China doesn't want social media influencers to flaunt wealth because…
9 months, 3 weeks ago

Xi Jinping's order? China doesn't want social media influencers to flaunt wealth because…

Hindustan Times  

Chinese social media sites such as Weibo, Xiaohongshu, and Douyin; China's loose versions of Twitter, Instagram, and TikTok cracked down on influencers known for flaunting wealth due to China’s income inequality. This goes back to China's President Xi Jinping promoting "common prosperity," or the ideal of providing wealth more equally to all Chinese citizens, Business Insider reported. A CNA report …

Donald Trump Jr named in court documents in bankruptcy case of Chinese billionaire Miles Guo
1 year, 2 months ago

Donald Trump Jr named in court documents in bankruptcy case of Chinese billionaire Miles Guo

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Donald …

Steve Bannon's Chinese billionaire associate will stand trial for fraud in 2024: report
1 year, 9 months ago

Steve Bannon's Chinese billionaire associate will stand trial for fraud in 2024: report

Raw Story  

Guo Wengui, a Chinese billionaire with ties to former President Donald Trump ally Steve Bannon, will face trial for fraud in April 2024, reported NBC News on Wednesday. Guo promised his followers 'outsized financial returns,' but instead, used the money to fund his lavish lifestyle, according to prosecutors, who said the scheme took place from 2018 until March," said the …

Fire breaks out at Manhattan hotel after arrest of Steve Bannon's Chinese 'fraudster' friend
2 years ago

Fire breaks out at Manhattan hotel after arrest of Steve Bannon's Chinese 'fraudster' friend

Daily Mail  

He was detained at the hotel after allegedly scamming his online followers out of $1bn then buying a mansion, yacht, Ferrari and 'even two $36,000 mattresses' The FBI is probing whether the blaze is connected to the arrest of Guo, who has links to right wing firebrand Steve Bannon A billionaire Chinese fraud suspect's $32 million Manhattan apartment burst into …

Exiled Chinese businessman and friend of Steve Bannon arrested in NYC over $1bn fraud
2 years ago

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

Daily Mail  

Wengui was closely-linked to Steve Bannon, the right wing firebrand who helped Donald Trump secure victory in the 2016 presidential election Prosecutors say he scammed online followers out of $1bn then splashed the cash on a mansion, yacht, Ferrari and 'even two $36,000 mattresses' An exiled Chinese billionaire with links to Steve Bannon has been arrested by the FBI in …

Steve Bannon's exiled Chinese 'billionaire' patron files for bankruptcy
3 years, 1 month ago

Steve Bannon's exiled Chinese 'billionaire' patron files for bankruptcy

Daily Mail  

An exiled Chinese businessman patron of Steve Bannon who claimed to be a billionaire has declared himself bankrupt with assets of between just $50,001 and $100,000. He bankrolled the Trump 2016 svengali, but has now sought bankruptcy protection, despite previously claiming to have been a billionaire In 2015, he bought a $67.5 million apartment in the Sherry Netherland Residence Building …

Judge orders Bannon financier to pay $134M for moving yacht ex-Trump aide was arrested on out of US
3 years, 1 month ago

Judge orders Bannon financier to pay $134M for moving yacht ex-Trump aide was arrested on out of US

Daily Mail  

Steve Bannon's financier has been ordered by a New York judge to pay $134 million in contempt of court fines for intentionally moving his yacht out of US waters to avoid debt collection, after Bannon was arrested on the same boat on fraud charges in 2020. According to the ruling issued in New York Supreme Court Wednesday, Chinese billionaire and …

They once peddled misinformation for Guo Wengui and Steve Bannon. Now they're speaking out
4 years, 4 months ago

They once peddled misinformation for Guo Wengui and Steve Bannon. Now they're speaking out

ABC  

In late September, a US-based Chinese YouTuber called Lude delivered a cryptic message to his 200,000 subscribers. Key points: The New Federal State of China is a self-proclaimed pro-democracy group headed by Steve Bannon and billionaire Guo Wengui An Australian whistleblower is speaking out about how the group spreads misinformation and conspiracy theories online After leaving the group, he has …

Ex-Trump advisor Steve Bannon's Chinese host a high-profile irritant to Beijing's Communist Party
4 years, 7 months ago

Ex-Trump advisor Steve Bannon's Chinese host a high-profile irritant to Beijing's Communist Party

Firstpost  

Guo Wengui on whose yacht US president Donald Trump’s former chief strategist, Steve Bannon, was arrested has rankled China’s ruling party by launching accusations of corruption on social media Beijing: The self-exiled Chinese tycoon on whose 150-foot yacht US president Donald Trump’s former chief strategist, Steve Bannon, was arrested is a high-profile irritant to the ruling Communist Party. A former …

China says ‘closely following’ billionaire businessman’s arrest in US
6 years, 6 months ago

China says ‘closely following’ billionaire businessman’s arrest in US

Hindustan Times  

China’s ministry of foreign affairs on Monday said it was “closely following” the arrest of one of the country’s richest businessman, Liu Qiangdong, on sexual misconduct charges in the United States over the weekend. The website of the US’ Hennepin county said that he was released from custody on Saturday and the status of the charge is “released pending complaint.” …

Chinese JD.com billionaire Liu Qiangdong arrested in US over sexual misconduct allegation
6 years, 6 months ago

Chinese JD.com billionaire Liu Qiangdong arrested in US over sexual misconduct allegation

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The billionaire founder of …

Meet China’s five richest billionaires who’ve gone from nothing to $166bn
7 years, 4 months ago

Meet China’s five richest billionaires who’ve gone from nothing to $166bn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Unlike the UK’s rich list, there are no trust …

Former executives of fugitive Guo sentenced, company fined
7 years, 7 months ago

Former executives of fugitive Guo sentenced, company fined

China Daily  

Three former executives of fugitive Chinese billionaire Guo Wengui were convicted of fraudulently obtaining loans and bill acceptance on Friday and two of them were sentenced, a court in Henan province said. Zhang Xincheng, former financial director of Henan Yuda Real Estate Co, controlled by Guo, was sentenced to two years in prison, while Guo Lijie, the company's former deputy …

Former executives of fugitive Guo sentenced, company fined
7 years, 7 months ago

Former executives of fugitive Guo sentenced, company fined

China Daily  

Three former executives of fugitive Chinese billionaire Guo Wengui were convicted of fraudulently obtaining loans and bill acceptance on Friday and two of them were sentenced, a court in Henan province said. Zhang Xincheng, former financial director of Henan Yuda Real Estate Co, controlled by Guo, was sentenced to two years in prison, while Guo Lijie, the company's former deputy …

Ex-executives of billionaire Guo Wengui go on trial
7 years, 8 months ago

Ex-executives of billionaire Guo Wengui go on trial

China Daily  

A court in Kaifeng, Central China's Henan province, started the public hearing of a case on Wednesday morning, in which three former executives of fugitive Chinese billionaire Guo Wengui allegedly defrauded loans and bill acceptances. Prosecutors accused the three, who worked for Henan Yuda Real Estate Company, controlled by Guo, of fraudulently obtaining loans and bill acceptances more than 40 …

Ex-executives of billionaire Guo Wengui go on trial
7 years, 8 months ago

Ex-executives of billionaire Guo Wengui go on trial

China Daily  

A court in Kaifeng, Central China's Henan province, started the public hearing of a case on Wednesday morning, in which three former executives of fugitive Chinese billionaire Guo Wengui allegedly defrauded loans and bill acceptances. Prosecutors accused the three, who worked for Henan Yuda Real Estate Company, controlled by Guo, of fraudulently obtaining loans and bill acceptances more than 40 …

Associates of fugitive billionaire Guo Wengui jailed for fraud
7 years, 9 months ago

Associates of fugitive billionaire Guo Wengui jailed for fraud

China Daily  

Three former associates of fugitive Chinese billionaire Guo Wengui have been convicted of fraudulently obtaining a loan and foreign currency on Friday, Xinhua News Agency reported. Lyu Tao, the former deputy general manager of Beijing Pangu Investment Inc, a company controlled by Guo, was sentenced to two years and three months, and Xie Honglin, the former manager of the company's …

Guo Wengui will finally be brought to justice
7 years, 9 months ago

Guo Wengui will finally be brought to justice

China Daily  

Three former executives of Pangu Investment Co Ltd stood trial in Xigang District People's Court in Dalian, Northeast China's Liaoning province, on Friday for fraudulently obtaining loans and foreign exchange using fabricated documents. Guo, who rose from obscurity in the countryside of Liaocheng in East China's Shandong province, is wanted for allegedly accumulating huge amounts of wealth over the past …

Guo Wengui will finally be brought to justice
7 years, 9 months ago

Guo Wengui will finally be brought to justice

China Daily  

Three former executives of Pangu Investment Co Ltd stood trial in Xigang District People's Court in Dalian, Northeast China's Liaoning province, on Friday for fraudulently obtaining loans and foreign exchange using fabricated documents. Guo, who rose from obscurity in the countryside of Liaocheng in East China's Shandong province, is wanted for allegedly accumulating huge amounts of wealth over the past …

Former top Chinese official indicted on corruption charges
8 years, 10 months ago

Former top Chinese official indicted on corruption charges

LA Times  

China has formally indicted Ling Jihua, one of the country’s most powerful men until a Ferrari crash derailed his career in 2012, on corruption and state-secrets charges, state media reported Friday. Ling, a top aide to former Chinese president Hu Jintao — a position similar to the White House chief of staff — was indicted on charges of “taking bribes, …

Fosun founder Guo Guangchang appears in public after police detention
9 years, 3 months ago

Fosun founder Guo Guangchang appears in public after police detention

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s eleventh richest man, Guo …

Guo Guangchang: Chinese billionaire 'helping authorities with investigation' after going missing
9 years, 3 months ago

Guo Guangchang: Chinese billionaire 'helping authorities with investigation' after going missing

ABC  

China's largest private company Fosun Group says its billionaire founder Guo Guangchang is helping authorities with an investigation, after reports that he had gone missing. Fosun at centre of global shopping spree Born poor in a rural village in the southeastern province of Zhejiang, Mr Guo studied philosophy at the elite Fudan University in Shanghai before founding his first firm …

China's richest man sues over false attribution on social media
9 years, 4 months ago

China's richest man sues over false attribution on social media

China Daily  

BEIJING - Wang Jianlin, chairman of Dalian Wanda Group, has lodged a lawsuit over false attribution under his name on social media, which was used to attack e-commerce businesses led by billionaire Jack Ma, a Beijing court confirmed on Wednesday. The Beijing Chaoyang District People's Court said that Wang demanded a public website on social messaging app WeChat delete the …

IPO effect: Alibaba's Jack Ma now China's richest person with $25 bn fortune
10 years, 6 months ago

IPO effect: Alibaba's Jack Ma now China's richest person with $25 bn fortune

Firstpost  

Ma reaped more than $800 million selling shares in the company he set up 15 years ago as Alibaba listed on the New York Stock Exchange. Shanghai: The largest stock offer in history has made Jack Ma, founder of e-commerce giant Alibaba, China’s richest person with a fortune of $25 billion, an annual wealth ranking in the world’s second largest …

China hunts law-breaking billionaire[1]- Chinadaily.com.cn
10 years, 7 months ago

China hunts law-breaking billionaire[1]- Chinadaily.com.cn

China Daily  

NANNING - An international manhunt is underway for a Chinese businessman who fled the country following allegations of fraud, authorities said Tuesday. The International Criminal Police Organization has issued a red notice for Liao Rongna of the Zhengling Group, a private conglomerate based in Liuzhou city, South China's Guangxi Zhuang autonomous region. Liao, 58, is said to have cheated his …

Trending news across China on Sept 10[1]
11 years, 6 months ago

Trending news across China on Sept 10[1]

China Daily  

Trending news across China on Sept 10 Updated: 2013-09-10 10:08 The hope of sight for the eye-gouge boy who shocked the world. And have you heard the shocking rumor about the Chinese actress and disgraced former minister – it’s all trending across China. Hukou market Black market Beijing hukou, household registration permits, are being sold for 200,000 to 800,000 yuan …

Bribery pervades list of wealthiest
15 years, 6 months ago

Bribery pervades list of wealthiest

China Daily  

进入英语学习论坛下载音频 Nearly 30 billionaires formerly on the list of China's richest people have been charged with bribery or are at the center of a police investigation, a new report shows. Researchers for the Hurun Report, an annual list of China's rich and powerful, yesterday revealed that 19 of the 1,330 business tycoons listed in the past 10 years are either …

Suspect sacked from CPPCC
18 years, 5 months ago

Suspect sacked from CPPCC

China Daily  

By Liu Chang Updated: 2006-10-17 07:12 The chairman of a private company who was allegedly involved in a pension fund scandal in Shanghai, which led to the dismissal of the municipality's Party Secretary Chen Liangyu, was stripped of his membership in the top political advisory body yesterday. Zhang Rongkun, chairman of Shanghai Fuxi Investment Holding Company and former director of …

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