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Al Jazeera
Al Jazeera
Business

Chinese tycoon and Bannon ally Guo Wengui charged with $1bn fraud

Guo Wengui Miles Guo CCP Steve Bannon Donald Trump United States Kin Ming Je Xi Jinping
Chinese billionaire Guo Wengui is known as a staunch critic of Beijing [File: Brendan McDermid/Reuters]

Guo Wengui, a Chinese billionaire known for his opposition to Beijing and ties to the administration of former US President Donald Trump, has been charged in the United States with defrauding investors out of $1bn.

Guo, also known as Ho Wan Kwok and Miles Guo, was arrested in New York on Wednesday over an alleged conspiracy involving the misappropriation of hundreds of millions of dollars obtained from his thousands of followers online, the US Department of Justice said in a statement.

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