Yahoo Canada Web Search

Search results

1. • • Exiled Chinese tycoon Guo Wengui, whose crusade against the Communist Party attracted allies including Donald Trump associate Steve Bannon, was convicted for duping investors out of $1 billion to fund his luxury lifestyle.
     news.bloomberglaw.com/us-law-week/chinese-tycoon-guo-guilty-in-us-over-1-billion-investor-fraud

     Chinese Tycoon Guo Guilty in US of $1 Billion Investor Fraud (2)

2. People also ask

   Did Guo steal money from investors?

   • The government alleged Guo also peeled off investor funds to spend on luxuries including a red Lamborghini, a $4 million Ferrari for his son and a $26 million New Jersey mansion. The case is US v. Guo, 23-cr-00118, US District Court, Southern District of New York (Manhattan). Recommended Newsletter: High-level insights for high-powered executives.

   Chinese magnate with a red Lamborghini and superyacht ... - Fortune

   fortune.com/2024/07/16/chinese-magnate-with-a-red-lamborghini-and-superyacht-convicted-for-bilking-1-billion-from-investors/

   See all results for this question

   Where did Guo get his money?

   • Guo claimed his fortune came from his wealthy real estate developer family in China. But a portion of his wealth, federal prosecutors said, also came from stealing $1 billion through bogus investment opportunities he hawked online.

   Chinese Tycoon Guo Guilty in US of $1 Billion Investor Fraud

   www.bloomberg.com/news/articles/2024-07-16/chinese-tycoon-guo-guilty-in-us-over-1-billion-investor-fraud

   See all results for this question

   How did Guo raise $1 billion?

   • Finkel said in the closing arguments last week that Guo raised more than $1 billion by guaranteeing his online followers that they would not lose money if they invested in his business and cryptocurrency schemes from 2018 to 2023.

   Guo Wengui: Exiled Chinese billionaire found guilty on federal fraud

   edition.cnn.com/2024/07/16/politics/guo-wengui-found-guilty/index.html

   See all results for this question

   Will Guo defraud supporters?

   • In opening remarks at his trial in federal court in Manhattan, Sabrina Shroff, a lawyer for Mr. Guo, also argued he would not defraud the thousands of supporters who invested in his various ventures because doing so would undercut his effort to topple the Chinese Communist Party.

   Chinese Billionaire Accused of Fraud Didn’t Need the Money, Lawyers Say

   www.nytimes.com/2024/05/24/us/chinese-billionaire-accused-of-fraud-didnt-need-the-money-lawyers-say.html

   See all results for this question

   What happened to Guo?

   • Last week, Guo was arrested in New York on federal charges of fraud and money laundering. Allegedly, $100 million invested in GTV was redirected to a high-risk hedge fund for the benefit of GTV’s parent company — which is owned by a close relative of Guo's. (Guo has pleaded not guilty).

   Why the arrest of a Trump-loving Chinese billionaire should worry the G…

   www.msnbc.com/the-reidout/reidout-blog/guo-wengui-steve-bannon-media-rcna75790

   See all results for this question

   Did Guo care about money?

   • "Mr Guo didn't care about the money," defence lawyer Sidhardha Kamaraju said in his closing argument last week. "He cared about the movement." The lawyer did not deny that his client lived lavishly, but he said prosecutors wanted jurors to take "leaps in logic" to find Guo guilty.

   Self-exiled Chinese billionaire found guilty of defrauding followers in

   www.abc.net.au/news/2024-07-17/self-exiled-chinese-billionaire-guo-wengui-found-guilty-of-fraud/104107432

   See all results for this question

3. www.bloomberg.com › news › articlesChinese Tycoon Guo Guilty in US of $1 Billion Investor Fraud

   www.bloomberg.com › news › articles

   • Cached

   Jul 16, 2024 · Exiled Chinese tycoon Guo Wengui, whose crusade against the Communist Party attracted allies including Donald Trump associate Steve Bannon, was convicted for duping investors out of $1 billion...

   • Author: Ava Benny-Morrison

4. www.abc.net.au › news › 2024/07/17'Life of excess': Guo Wengui had a yacht, mansion and ...

   www.abc.net.au › news › 2024/07/17

   • Cached

   Jul 17, 2024 · Over a seven-week trial, Chinese business tycoon Guo Wengui is accused of deceiving his followers to put money into bogus investments and using the money to preserve a luxurious lifestyle.

5. Videos

   • 

     1:41

     youtube.com

     Exiled Chinese businessman Guo charged with fraud

     Mar 16, 2023

     4.7K Views

   • 

     1:31

     youtube.com

     Exiled Chinese businessman Guo Wengui charged with fraud

     Mar 16, 2023

     24.4K Views

   • 

     25:51

     youtube.com

     The Mysterious Chinese Fugitive Billionaire, Mr Guo | 101 East Documentary

     Mar 31, 2022

     189.2K Views

   View all

6. fortune.com › 2024/07/16 › chinese-magnate-with-aChinese magnate with a red Lamborghini and superyacht ...

   fortune.com › 2024/07/16 › chinese-magnate-with-a

   • Cached

   Jul 16, 2024 · Exiled Chinese tycoon Guo Wengui, whose crusade against the Communist Party attracted allies including Donald Trump associate Steve Bannon, was convicted for duping investors out of $1...

7. www.bbc.com › news › world-us-canada-64968609Guo Wengui: US accuses Chinese tycoon of billion-dollar fraud

   www.bbc.com › news › world-us-canada-64968609

   Mar 16, 2023 · They also allegedly used a cryptocurrency called Himalaya Coin to steal millions from investors. Mr Guo's opposition to the Chinese Communist Party and his links to high-profile, right-wing...

8. edition.cnn.com › 2024/07/16 › politicsExiled Chinese billionaire Guo Wengui found guilty on federal ...

   edition.cnn.com › 2024/07/16 › politics

   • Cached

   Jul 16, 2024 · Guo Wengui, the exiled Chinese billionaire, was convicted in a federal court on Tuesday for defrauding thousands of his followers of more than $1 billion.

9. www.nytimes.com › 2024/05/24 › usChinese Billionaire Accused of Fraud Didn’t Need the Money ...

   www.nytimes.com › 2024/05/24 › us

   May 24, 2024 · Lawyers for Guo Wengui, an exiled Chinese billionaire charged with defrauding investors of more than $1 billion, portrayed him on Friday as the dedicated leader of an anti-Communist movement...

10. www.bbc.com › news › articlesChina tycoon Guo convicted in US over $1bn scam - BBC

    www.bbc.com › news › articles

    Jul 17, 2024 · Self-exiled Chinese businessman Guo Wengui has been convicted by a US court of defrauding his online followers in a billion-dollar scam.