Us Arrests Chinese Language Tycoon Who Backed Trump Advisor Bannon

According to the New York Times, Guo also sometimes goes by the name Guo Haoyun. Guo is keen on appearing in music videos for self-penned rap and pop songs the place he launches tirades in opposition to the Chinese Communist Party and extols the virtues of cryptocurrency. The palatial condo has been host to various journalists and political influencers.

For years, his case was the topic of a debate over whether or not China was abusing international law enforcement cooperation efforts, together with Interpol, in seeking his arrest. He sought political asylum in the us, saying he feared that if he were compelled to leave the country, it’d lead to his arrest in a nation with much less energy to resist Chinese calls for. He left in 2014 during an anti-corruption crackdown led by President Xi Jinping that ensnared folks near Guo, including a top intelligence official. Mr Guo has been the target of social media campaigns backing the Chinese government, but has also been accused of spreading false rumours about Covid and other topics on his social media accounts and web sites. They also allegedly used a cryptocurrency known as Himalaya Coin to steal tens of millions from investors. Guo, who now lives in New York having left China in 2014, has emerged in recent months as a political threat to the Chinese government in a delicate yr, unleashing a deluge of corruption allegations against high-level Communist Party officers by way of Twitter posts and video blogs.

Federal Appeals Court Blocks Enforcement Of Florida ‘stop Woke Act’

Mr Guo’s opposition to the Chinese Communist Party and his hyperlinks to high-profile, right-wing US politicians and activists earned him hundreds of thousands of online followers, most of them Chinese individuals residing in Western countries. Authorities accuse Guo of mendacity to his victims, promising them outsized returns in the event that they invested or fed cash to his media firm, GTV Media Group Inc., his so-called Himalaya Farm Alliance, G’CLUBS, and the Himalaya Exchange. Guo left China in 2014 during an anti-corruption crackdown led by President Xi Jinping that ensnared people close to Guo, together with a prime intelligence official.

Guo Has Discovered Himself Embroiled In A Series Of Lawsuits And Controversies

Prosecutors say he took benefit of his prolific online presence to raise money for his ventures. But as a substitute of being invested in companies, the funds were allegedly funnelled into personal accounts tied to Mr Guo and Mr Je. The SEC said unlawful schemes included raising $452 million through an unregistered inventory providing that was alleged to go toward building a social media platform independent of the Chinese government’s censorship and monitoring. U.S. prosecutors accuse Guo of promising outsized returns to people who invested in his media company, GTV Media Group Inc., his so-called Himalaya Farm Alliance, G’CLUBS and the Himalaya Exchange.

Self-exiled Chinese Language Tycoon Guo Arrested In Us For $1 Billion Fraud

Guo was arrested at The Sherry-Netherland Hotel in Manhattan on Wednesday morning, while Je is presently at giant. Guo Wengui holds a news conference with Steve Bannon in New York, New York, U.S., November 20, 2018. When a decide ordered him to pay a $134 million nice for doing so, he filed for chapter to guard his property.

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