Feds Hit Bannon’s Sugar Daddy With New RICO Charge

January 5, 2024 Crime, Trump cultists

Courthouse News reports:

Federal prosecutors in New York on Thursday added an expansive racketeering count against Chinese financier Guo Wengui, who is accused of orchestrating a $1 billion fraud conspiracy.

Wengui, an associate of American conservative media strategist Steve Bannon, was arrested in March 2023 at his apartment in the Sherry-Netherland Hotel in Manhattan, where a fire subsequently broke out later that day as FBI agents were still searching it.

Prosecutors in the Southern District of New York have accused Wengui — also known as Miles Guo and Ho Wan Kwok — of carrying out a complex conspiracy to defraud thousands of his online followers out of over $1 billion dollars by lying to prospective investors.

Read the full article. Last year it was reported that Guo was likely behind campaign donations to expelled former Rep. George Santos. In addition to the donations, Guo is suspected of fronting the money for Santos’s bail to his family members. All of that was likely Santos’s reward for delivering a speech at a Bannon event calling for Guo’s release from jail, where he awaits a trial expected to start in April. Bannon was arrested on Guo’s yacht in 2021 on border wall fraud charges.



Tags

© joemygod.com 2025