Exiled Chinese Tycoon Guo Wengui Charged With Billion-Dollar Fraud in US
- Prosecutors seize $634 million in proceeds of alleged crime
- In strange twist, fire breaks out at Guo Wengui’s home
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Chinese billionaire Guo Wengui, the exiled businessman and vocal critic of Beijing with ties to former Donald Trump adviser Steve Bannon, was charged with fraud after the US seized $634 million linked to his alleged crimes.
Arrested Wednesday at 6:24 a.m. by FBI agents at his luxury apartment in Manhattan’s Sherry-Netherland hotel, Guo was later brought before a judge over the alleged billion-dollar fraud.