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The Independent UK
The Independent UK
National
Larry Neumeister

Chinese businessman arrested in $1 billion fraud conspiracy

Guo Wengui United States Donald Trump Kin Ming Je Steve Bannon Damian Williams China New York SEC
Copyright 2017 The Associated Press. All rights reserved.

Exiled Chinese billionaire Guo Wengui, an ally of far-right activist and former Donald Trump aide Steve Bannon, was arrested and charged by federal prosecutors in connection with a sprawling fraud case.

He owned the 152-foot-long yacht on which Bannon was arrested in August 2020 and helped found a media group under investigation by the US Securities and Exchange Commission.

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