An exiled Chinese businessman has been arrested in New York for billions of dollars in fraud.
Along with his financier, Guo Wengui has led hundreds of thousands of followers on the Internet “to invest in various companies and programs through false statements and representations,” the New York State Attorney’s Office said on Wednesday (local time) and filed suit. As a result, the two allegedly embezzled hundreds of millions of dollars. In total, the damage exceeds a billion dollars.
Guo left China in 2014 to avoid prosecution for bribery and embezzlement in his home country. In Beijing, Guo was a real estate magnate.
The 54-year-old also had good relations in circles close to the government in the United States and is considered a business partner of Steve Bannon, a former top adviser to ex-President Donald Trump. Bannon was arrested on a Guo yacht in 2020 for fraud. (sda/dpa)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
