
NEW YORK: A Chinese tycoon closely tied to an adviser to former US president Donald Trump has been arrested in New York and charged with bilking $1 billion from supporters of his anti-Beijing activities.
The US Justice Department accused Guo Wengui and still-at-large British co-conspirator Je Kin Ming of stealing funds from participants in an investment scheme so they could buy luxuries, including a yacht, a 4,645-square-metre mansion and a $3.5-million Ferrari.