Guo Wengui conspired to cheat thousands of victims out of more than $US1 billion using “a series of complex fraudulent and fictitious businesses”.
| Chinese billionaire Guo Wengui, the exiled businessman and vocal critic of Beijing who figured in the prosecution of a fundraiser for Donald Trump, was arrested and charged with fraud after the US seized $US634 million linked to his alleged crimes.
Mr Guo and Mr Je conspired to cheat thousands of victims out of more than $US1 billion using “a series of complex fraudulent and fictitious businesses and investment opportunities,” prosecutors alleged. Fundraiser Elliott Broidy pleaded guilty in 2020 to illegally lobbying Mr Trump’s White House to seek the extradition of Mr Guo and squelch the investigation of 1MDB, the Malaysian fund at the centre of a spectacular global bribery scandal. Mr Trump later pardoned Mr Broidy., was on board Mr Guo’s yacht in 2020 when he was arrested for fraud in connection a nonprofit group that took private donations to build a wall on the US-Mexico border.
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