Tag: Guo Wengui

Former Chinese Billionaire and Bannon Associate Is Sentenced for Fraud

Media Library

Guo Wengui, a Chinese businessman who transformed himself from a Beijing insider into an anti-Communist crusader and ally of the American far right, was sentenced to 30 years in prison on Monday for defrauding investors, including many of his own fervent supporters, of hundreds of millions of dollars. Mr. Guo, who had made a fortune in Beijing as a real estate developer and had forged an alliance with a corrupt intelligence official there, fled China in 2015, settling in a $68 million Manhattan penthouse overlooking Central Park. There, he took…

Wealthy Chinese exile Guo Wengui, tied to misinformation campaigns, sued by investors in media company

Chin@Strategy

Fugitive Chinese billionaire Guo Wengui hold a news conference on November 20, 2018 in New York, on the death of of tycoon Wang Jian in France on July 3, 2018. Don Emmert | AFP | Getty Images Wealthy Chinese businessman Guo Wengui, an outspoken critic of China’s government, and several others are accused of breaking state securities laws in a class-action lawsuit filed in Arizona. The civil complaint was filed in late June in the U.S. District Court for the District of Arizona. The plaintiffs claim to have tried to…

Mystery shrouds nonprofit linked to wealthy Chinese exile: Steve Bannon leaves, records kept secret

Chin@Strategy

Former White House Chief Strategist Steve Bannon (L) greets fugitive Chinese billionaire Guo Wengui before introducing him at a news conference on November 20, 2018 in New York. Don Emmert | AFP | Getty Images The mystery surrounding a nonprofit group tied to wealthy Chinese exile Guo Wengui, reportedly the key figure in a network accused of spreading disinformation about Covid vaccines and elections, has grown over the past year. Steve Bannon, a China hawk who once served as a top advisor to Donald Trump, is no longer on the…