Pro-Trump Chinese Businessman Miles Guo Arrested in the US Over Alleged US$1 Billion Fraud Conspiracy
Miles Guo, a Chinese businessman and internet media personality with close ties to former Trump White House chief strategist Steve Bannon, has been arrested on various charges of wire fraud, securities fraud, bank fraud, and money laundering. According to a statement released by the U.S. Attorney’s Office of the Southern District of New York, Miles Guo was arrested in the morning of March 15 for allegedly orchestrating an over US$1 billion fraud conspiracy. Over US$630 million of alleged fraud proceeds were seized by the U.S. Government. Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced the unsealing of a twelve-count Indictment charging Guo as well as his financier Kin Ming Je with various wire fraud, securities fraud, bank fraud, and money laundering charges. The defendants allegedly solic...