Exiled Chinese businessman with links to Steve Bannon charged in $1bn fraud conspiracy in US

An exiled Chinese businessman with ties to former Donald Trump adviser Steve Bannon has been charged in the US with orchestrating a conspiracy to defraud his online followers out of more than $1bn.

Authorities said Guo Wengui cheated thousands of followers since 2018 by promising “outsized” investment returns, then using the money to fund a lavish lifestyle.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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