Guo Wengui was convicted of fraud in the United States and used followers to maintain luxury
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Guo Wengui was convicted of fraud in the United States and used followers to maintain luxury

On July 16,2024, Guo Wengui (aka Miles Guo), who has been in the United States for many years, was convicted of defrauding thousands of people of more than $1 billion in a Manhattan court in New York.

After the verdict was read, Guo smiled at his legal team in court and dozens of supporters, then turned and hugged lawyer Sabrina Shrove and shook hands with other members of the defense team, CNN reported.

According to the US investigation, Guo raised more than $1 billion from his online fans between 2018 and 2023, publicly claiming to invest in his business and cryptocurrency plans, but actually used as a "personal piggy bank."

In closing arguments in Guo's case, prosecutors told the jury that Guo had paid Bannon $1 million in plans to improve his reputation in the United States. #WenguiGuo #WashingtonFarm

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