An exiled Chinese businessman charged by U.S. prosecutors with leading a more than $1 billion fraud on Thursday appealed a judge's order that he remain in jail pending trial, court records showed.
Guo Wengui, once a business associate of former U.S. President Donald Trump's adviser Steve Bannon, wasFederal prosecutors in Manhattan say he promised followers "outsized" investment returns but diverted much of their money to fund lavish lifestyles for himself and his family.
Guo pleaded not guilty to 11 charges including securities fraud, wire fraud and concealing money laundering.a proposed $25 million bail package, saying prosecutors had shown it was likely Guo was a serious flight risk and would pose a risk of economic harm to the community if released. The 52-year-old defendant, whose other names include Ho Wan Kwok and Miles Kwok, is a prominent critic of China's Communist Party. He left China in 2014 during an anti-corruption crackdown under President Xi Jinping.Reporting by Luc Cohen in New York; Editing by Daniel Wallis
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oakland’s teachers are preparing to strike on Thursday — how has it gotten this far?Oakland teachers are expected to strike on Thursday, a walkout that could shutter schools and reach 34,000 students unless a deal is reached between the district and the union.
Read more »
Hearing for Trump criminal case set for ThursdayFormer President Donald Trump's criminal case in Manhattan will have its second public hearing Thursday morning when a judge considers arguments over whether he should limit what Trump can say publicly about the evidence against him.
Read more »
Watch SpaceX launch 56 Starlink satellites early ThursdayLiftoff is scheduled for 3:34 a.m. ET on Thursday (May 4).
Read more »
Austin weather: Dry Wednesday; risk of severe storms Thursday and FridayCentral Texas is under a Level 1-2 risk of severe weather Thursday and Friday. Zack Shields has more on when and where we could see some storms.
Read more »
Strong storm chances return to the forecast by Thursday eveningDaily storm chances return to the forecast as early as Thursday evening. Here's what we'll be monitoring:
Read more »
JOB OPENINGS: United Airlines hosting job fair in Houston on ThursdayLooking for a new job or career change? United Airlines is recruiting on Thursday for those wanting to take off to a job in the aviation industry.
Read more »