MAGA Down: Steve Bannon Associate Guo Wengui Arrested In $1 Billion Fraud Case

Posted March 15, 2023 by with 0 comments

Bannon himself has his own fraud trial coming later this year and is looking at years in prison, and now another MAGA ghoul is facing a similar fate. Via CNBC:

Exiled Chinese billionaire Guo Wengui — an associate of former Trump White House advisor Steve Bannon — was arrested Wednesday in New York for allegedly orchestrating a complex $1 billion fraud scheme that duped online followers with promises of outsized investment returns.

Prosecutors seized more than $650 million in alleged fraud proceeds from 21 different bank accounts and assets that included a Lamborghini Aventador SVJ Roadster automobile as part of the case against Guo and his financial advisor William Je in Manhattan federal court.

In June 2021, Guo’s two nonprofits hosted a private party in New York attended by Bannon, former Trump lawyer Rudy Giuliani, former Trump national security advisor Michael Flynn, and the Trump ally and conspiracy theorist Mike Lindell, CEO of MyPillow.