NEW YORK (AP) — Guo Wengui, a self-exiled Chinese business tycoon whose criticism of the Communist Party won him legions of online followers and powerful friends in the American conservative movement, was convicted by a U.S.
NEW YORK — Guo Wengui, a self-exiled Chinese business tycoon whose criticism of the Communist Party won him legions of online followers and powerful friends in the American conservative movement, was convicted by a U.S. jury Tuesday of engaging in a massive multiyear fraud that ripped off some of his most devoted fans.
Guo's lawyers said prosecutors hadn't proven he'd cheated anyone. After the verdict, one of his attorneys declined to comment. Guo, who is also known by the name Miles Kwok, left China in 2014 during an anticorruption crackdown that ensnared people close to him, including a top intelligence official. While living in New York, Guo developed a close relationship with Trump’s onetime political strategist, Steve Bannon. In 2020, the two announced a joint initiative to overthrow the Chinese government.
He said Guo made hundreds of broadcasts and videos in which he promised followers that they would not lose money if they invested with him.Then, he said, Guo spent millions from investors on a lavish lifestyle for himself and his family that included a $1.1 million tortoise-shell jewelry box and some candlesticks, a million dollar chandelier, $36,000 mattresses, a $40,000 coffee table and a $250,000 antique rug, items kept at a family home in Mahwah, New Jersey.
The lawyer did not deny that his client lived lavishly, with a luxury apartment that took up an entire floor in Manhattan; a home in Greenwich, Connecticut; a yacht and a jet. But he said prosecutors wanted jurors to take “leaps in logic” to find Guo guilty.
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