Friday, July 19, 2024

Chinese business tycoon convicted of defrauding followers in $1bn scheme

While living in New York, Guo developed a close relationship with Trump's former onetime political strategist, Steve Bannon. In 2020, Guo and Bannon announced a joint initiative to overthrow the Chinese government. 

Prosecutors say hundreds of thousands of people were convinced to invest more than $1bn in entities Guo controlled...

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