Chinese businessman Guo Wengui arrested in New York

Chinese businessman Guo Wengui was arrested in New York on Wednesday (local time) on suspicion of massive fraud. The 52-year-old Wengui, whose real name is Ho Wan Kwok but who also goes by the name Miles Guo, has been living in self-imposed exile in the United States for years.

Guo Wengui was picked up by the Federal Police’s FBI in his luxury Manhattan apartment, where a fire broke out a few hours later.

Guo fled China in 2015 because he was threatened with persecution and settled in New York. There he was in the spotlight for his relations with Steve Bannon, former advisor to former President Donald Trump. Guo and Bannon start a lobbying group against the Chinese Communist Party. In 2020, Bannon is caught aboard Guo’s yacht in a fraud case involving the construction of a wall on the US-Mexico border.

Now Guo Wengui himself has been caught in a fraud investigation. It is said that the Chinese businessman collected money from his online followers for investment, but used the money himself for private purposes. The police have already seized $634 million in 21 different bank accounts, just like the Lamborghini.

An investigation is still underway to find out the cause of the fire that broke out in the businessman’s house after his arrest.

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Denton Watson

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