FBI Collars Bannon’s Money Man On $1B Fraud Charges

March 15, 2023 Crime, Extremists

ABC News reports:

Guo Wengui, an exiled Chinese billionaire with business ties to Steve Bannon, has been arrested on federal charges out of New York. Wengui owned the 152-foot-long yacht Lady May on which Bannon was arrested in August 2020.

Guo and Bannon have been under investigation in connection with GTV Media Group, which the Securities and Exchange Commission previously accused of violating securities laws. The FBI arrested Guo, also known as Ho Wan Kwok, Wednesday morning in New York on charges he orchestrated a $1 billion fraud.

“Kwok is charged with lining his pockets with the money he stole, including buying himself, and his close relatives, a 50,000 square foot mansion, a $3.5 million Ferrari and even two $36,000 mattresses, and financing a $37 million luxury yacht,” U.S. Attorney Damian Williams said.

Read the full article.

In 2021, Guo was exposed as funding a massive QAnon and anti-vaccine network of websites.

Before Bannon’s arrest on Guo’s yacht, the pair made news when they hired half a dozen banner planes to fly anti-China messages around the Statue of Liberty. Bannon and Guo claim to be operating a Chinese government-in-exile they’re calling the New Federal State of China.

In October 2020, Guo was accused of sending operatives to threaten competing Chinese dissidents in the US.



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