All posts tagged "Guo Wengui"

A MAGA fraudster's elaborate scheme left his victims suicidal after he stole hundreds of millions from his followers, according to a Mother Jones report published Friday.

Guo Wengui, a Steve Bannon associate who secretly funded a pro-Trump social media company, claimed he was a billionaire Chinese dissident with deep knowledge of corruption among China's top leaders. He won over a group of immigrants with promises to launch a news organization, the "New Federal State of China," with Bannon, which they announced in 2020 on a boat in the New York City Harbor near the Statue of Liberty.

"On the boat, Guo joined Bannon in reading a declaration of principles, told the former Donald Trump aide he loved him, and kissed him," Mother Jones reported. "Then Guo bit his own index finger and signed the declaration with his blood."...

A trustee overseeing the bankruptcy case of right-wing Chinese businessman Guo Wengui – championed as the "Donald Trump of Beijing"— listed Donald Trump Jr. and former White House trade advisor Peter Navarro as potential defendants according to a court filing, reported by The Daily Beast.

Wengui, who sought asylum from communist China in the U.S., declared bankruptcy in 2022 after being fined a whopping $134 million in fines tied to his yacht and served as a benefactor to ex-White House strategist and MAGA surrogate Steve Bannon.

He is also accused along with co-defendant, Kin Ming Je, "of orchestrating fraud involving more than a billion dollars, in which Guo amassed hundreds of thousands of followers online—many of them Chinese expatriates who believed in his promises to 'take down the CCP'—and solicited their investments in a range of bogus ventures involving cryptocurrency, clubs, and the media."...