Steve Bannon's Chinese billionaire associate will stand trial for fraud in 2024: report
Guo Wengui, a Chinese billionaire with ties to former President Donald Trump ally Steve Bannon, will face trial for fraud in April 2024, reported NBC News on Wednesday.
"U.S. District Judge Analisa Torres set the trial date for the criminal case during a hearing in downtown Manhattan on Tuesday," reported Chloe Atkins. "The judge also granted Guo’s request for access to a government-provided computer to review evidence."
"Guo was arrested and charged by federal authorities in March on allegations that he defrauded thousands of online followers out of over $1 billion. Guo promised his followers 'outsized financial returns,' but instead, used the money to fund his lavish lifestyle, according to prosecutors, who said the scheme took place from 2018 until March," said the report. "Prosecutors said the U.S. government seized $634 million in alleged fraud proceeds from 21 different bank accounts. Law enforcement seized assets purchased with the profits of the alleged fraud, including a Lamborghini Aventador SVJ Roads, according to prosecutors."...

