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   How many criminal charges did Guo face?

   • Following a seven-week trial, Guo was convicted Tuesday of nine of 12 criminal counts he faced, including racketeering conspiracy and wire fraud. He faces decades in prison, according to U.S. Attorney Damian Williams. U.S. District Judge Analisa Torres set his sentencing for Nov. 19.

   Chinese business tycoon Guo Wengui convicted of fraud in U.S. trial

   www.usatoday.com/story/news/nation/2024/07/17/guo-wengui-billion-dollar-fraud-conspiracy-china/74432594007/

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   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

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   How much money did Guo raise?

   • Federal prosecutors in Manhattan accused Guo of raising more than $1 billion by guaranteeing his thousands of followers that they would not lose money if they invested in his various business and cryptocurrency schemes.

   Chinese business tycoon Guo Wengui convicted of fraud in U.S. trial

   www.usatoday.com/story/news/nation/2024/07/17/guo-wengui-billion-dollar-fraud-conspiracy-china/74432594007/

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   What did Guo spend his money on?

   • Prosecutors say Guo instead spent the money on luxury goods, including a New Jersey mansion, a red Lamborghini and a yacht. His defense tried to portray Guo, a former real estate mogul, as an ardent dissident who flaunted his wealth as part of his critique of the Chinese Communist Party.

   Exiled Chinese businessman Guo convicted of fraud

   www.yahoo.com/news/exiled-chinese-businessman-guo-convicted-034428551.html

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   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).

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

   news.bloomberglaw.com/us-law-week/chinese-tycoon-guo-guilty-in-us-over-1-billion-investor-fraud

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   How much money was seized from Guo and Je?

   • U.S. authorities seized more than $634 million from both Guo and Je, and the Securities and Exchange Commission charged them for their involvement in unregistered and fraudulent offerings that brought in over $850 million. Ultimately, the authorities seized additional funds from both men and their entities.

   Chinese billionaire living in U.S. arrested for allegedly operating $1B

   www.foxbusiness.com/politics/chinese-billionaire-living-u-s-arrested-allegedly-operating-fraud-scheme

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

   www.bloomberg.com › news › articles

   • Cached

   Jul 16, 2024 · Convicted on nine of the 12 counts against him, he faces as many as 20 years in prison on the most serious charges when he is sentenced on Nov. 19.

   • Author: Ava Benny-Morrison

3. www.bbc.co.uk › news › articlesChina tycoon Guo convicted in US over $1bn scam - BBC

   www.bbc.co.uk › news › articles

   • Cached

   Jul 17, 2024 · He was found guilty on nine of the 12 criminal counts he faced, including racketeering, fraud and money laundering. Guo's sentencing has been scheduled for 19 November, when he could face...

4. news.bloomberglaw.com › us-law-week › chinese-tycoonChinese Tycoon Guo Guilty in US of $1 Billion Investor Fraud (2)

   news.bloomberglaw.com › us-law-week › chinese-tycoon

   • Cached

   Jul 16, 2024 · Convicted on nine of the 12 counts against him, he faces as many as 20 years in prison on the most serious charges when he is sentenced on Nov. 19.

   • Author: Ava Benny-Morrison
   • Occupation: Bloomberg News

   • Email: abennymorris@bloomberg.net

5. Videos

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     1:31

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     Exiled Chinese businessman Guo Wengui charged with fraud

     Mar 16, 2023

     24.4K Views

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     2:17

     youtube.com

     Exiled Chinese tycoon Guo Wengui arrested in the US over fraud charges worth US$1 billion

     Mar 16, 2023

     83K Views

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     4:52

     youtube.com

     Who Is Guo Wengui? Fire Breaks Out at Billionaire's NYC Penthouse After Fraud Arrest | NBC New York

     Mar 15, 2023

     71.2K Views

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6. www.cnn.com › 2024/07/16 › politicsGuo Wengui: Exiled Chinese billionaire found guilty on ... - CNN

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

   • Cached

   Jul 16, 2024 · Guilty of nine out of 12 counts involving racketeering conspiracy and securities fraud, wire fraud and money laundering, Guo, who is also known as Miles Guo, “faces decades in prison”...

   • Author: Yong Xiong

7. www.usatoday.com › story › newsChinese business tycoon Guo Wengui convicted of fraud in U.S ...

   www.usatoday.com › story › news

   • Cached

   Jul 17, 2024 · Guo Wengui, an exiled Chinese billionaire known for his criticism of the Chinese Communist Party and close ties with American conservatives, was convicted by a U.S. jury on Tuesday of defrauding...

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

   www.bbc.com › news › articles

   Jul 17, 2024 · 17 July 2024. Self-exiled Chinese businessman Guo Wengui has been convicted by a US court of defrauding his online followers in a billion-dollar scam. He was found guilty on nine of the 12...

9. www.yahoo.com › news › exiled-chinese-businessmanExiled Chinese businessman Guo convicted of fraud - Yahoo

   www.yahoo.com › news › exiled-chinese-businessman

   • Cached

   Jul 17, 2024 · His seven-week trial ended Tuesday. Federal prosecutors in Manhattan alleged Guo raised over $1 billion through fraudulent investment and cryptocurrency schemes from 2018 to 2023. Guo...