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1. www.reuters.com › legal › jury-reaches-verdictExiled Chinese businessman Guo convicted at US fraud trial

   www.reuters.com › legal › jury-reaches-verdict

   3 hours ago · Guo Wengui, an exiled Chinese businessman with ties to former Donald Trump adviser Steve Bannon, sits as he appears on charges of leading a complex conspiracy to defraud Guo's online followers out ...

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3. apnews.com › article › guo-wengui-chineseSelf-exiled Chinese billionaire Guo Wengui convicted of ...

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   2 hours ago · In a statement after the verdict, U.S. Attorney Damian Williams said Guo’s interrelated fraud schemes were “all designed to fleece his loyal followers out of their hard-earned money so that Guo could spend his days in his 50,000 square foot mansion, driving his $1 million Lamborghini, or lounging on his $37 million yacht.”

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

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   4 hours ago · 1:01. Exiled Chinese tycoon Guo Wengui, whose crusade against the Communist Party attracted allies including Donald Trump associate Steve Bannon, was convicted for duping investors out of $1 ...

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

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   3 hours ago · Guo “brazenly operated several interrelated fraud schemes, all designed to fleece his loyal followers out of their hard-earned money so that Guo could spend his days in his 50,000-square-foot mansion, driving his $1 million Lamborghini, or lounging on his $37 million yacht,” Manhattan US Attorney Damian Williams said in a statement after ...

6. www.scmp.com › news › chinaExiled Chinese businessman Guo Wengui found guilty of fraud ...

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   Jul 17, 2024 · The jury found Guo guilty on all 12 counts against him, including racketeering, securities fraud, wire fraud and money laundering, in a trial that lasted seven weeks. He had pleaded not guilty to ...

7. abcnews.go.com › US › wireStorySelf-exiled Chinese billionaire Guo Wengui convicted of ...

   abcnews.go.com › US › wireStory

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   23 hours ago · 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 ...

8. People also ask

   Who is Guo Wengui?

   • Guo Wengui, an exiled Chinese businessman with ties to former Donald Trump adviser Steve Bannon, sits as he appears on charges of leading a complex conspiracy to defraud Guo's online followers out of more than $1 billion at a courthouse in New York, U.S., March 15, 2023 in this courtroom sketch.

   Exiled Chinese businessman Guo convicted at US fraud trial

   www.reuters.com/legal/jury-reaches-verdict-exiled-chinese-businessman-guos-us-fraud-trial-2024-07-16/

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   How much money did Guo spend on a lavish lifestyle?

   • 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.

   Self-exiled Chinese billionaire Guo Wengui convicted of defrauding foll…

   apnews.com/article/guo-wengui-chinese-businessman-fraud-9b8329c7ab8012f2dfa7c48c55fc5620

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   How did Guo raise $1 billion?

   • Federal prosecutors in Manhattan said Guo raised more than $1 billion by guaranteeing followers on social media that they would not lose money if they joined him in a series of investment and cryptocurrency schemes from 2018 to 2023, some of which he said would go toward challenging China's government.

   Exiled Chinese businessman Guo convicted at US fraud trial

   www.reuters.com/legal/jury-reaches-verdict-exiled-chinese-businessman-guos-us-fraud-trial-2024-07-16/

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   How much money did Guo invest?

   • Prosecutors say hundreds of thousands of investors were convinced to invest more than $1 billion in entities Guo controlled. Among those businesses and organizations was Guo’s media company, GTV Media Group Inc., and his so-called Himalaya Farm Alliance and the Himalaya Exchange.

   Self-exiled Chinese billionaire Guo Wengui convicted of defrauding foll…

   abcnews.go.com/US/wireStory/exiled-chinese-billionaire-guo-wengui-convicted-defrauding-followers-112001601

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9. kfgo.com › 2024/07/16 › exiled-chinese-businessmanExiled Chinese businessman Guo convicted at US fraud trial

   kfgo.com › 2024/07/16 › exiled-chinese-businessman

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   23 hours ago · By Luc Cohen. NEW YORK (Reuters) -Guo Wengui, an exiled Chinese businessman and outspoken opponent of Beijing’s communist government, was convicted on Tuesday in his U.S. trial on charges of stealing hundreds of millions of dollars from online followers. Federal prosecutors in Manhattan said Guo raised more than $1 billion by guaranteeing ...