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Guo Wengui

Fugitive Chinese tycoon Guo Wengui holds a news conference in New York in November 2018. Photo: AFP

Exiled Chinese businessman Guo Wengui found guilty of fraud in US trial

The fugitive tycoon was convicted after raising over US$1 billion from online followers, then spending the money on luxury goods like a red Lamborghini.

  • The fugitive tycoon was convicted after raising over US$1 billion from followers, then spending the money on luxury goods like a red Lamborghini

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Chinese tycoon Guo Wengui stole US$1 billion for luxury lifestyle, court told

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Chinese businessman Guo Wengui on trial in US over US$1 billion fraud scheme

Guo Wengui’s chief of staff pleads guilty weeks before US fraud trial

Yvette Wang admitted to conspiring with the self-exiled Chinese businessman and others to commit wire fraud and money laundering.

Businessman Guo Wengui speaks during an interview in New York in April 2017. Photo: Reuters

US court orders Chinese billionaire Guo Wengui to face fraud indictment

A judge said prosecutors sufficiently alleged that Guo engaged in a pattern of racketeering through four fraud schemes.

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No bail for exiled Chinese businessman Guo Wengui

A US appeal court said he should remain in jail while awaiting trial for allegedly defrauding investors of a total of over US$1 billion.

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Fugees rapper convicted in US over lobbying campaigns with Malaysia’s Jho Low

Prosecutors accused Pras Michel of plotting with Low to attempt to influence the administrations of US presidents Barack Obama and Donald Trump.

Rapper Pras Michel exits federal court in Washington on April 3. Photo: Bloomberg

Chinese billionaire Guo Wengui denied bail in US fraud case

The judge called his proposed bail package insufficient, noting the exiled businessman with ties to Trump and Bannon has filed for bankruptcy and saying he has ‘the means and know-how to flee’.

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Jho Low paid US$20 million for Obama photo op, US rapper Pras Michel says

The ex-Fugees member says the Malaysian tycoon was willing to ‘spend any type of money’, but his ‘party guy’ reputation made it hard to get fundraiser invites.

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Malaysia’s Jho Low paid a rapper to lobby Trump to drop 1MDB probe, court hears

Grammy-winning US rapper Pras Michel of hip-hop group the Fugees is accused of illegally lobbying on the fugitive Malaysian financier’s behalf as well as acting as an unregistered agent of China.

Jho Low paid US$8 million and promised as much as US$75 million more if the US Justice Department was successfully persuaded to walk away from its civil forfeiture case against 1MDB, the court heard. Photo: Sam Tsang

Leonardo DiCaprio says Malaysia’s Jho Low planned to donate to Obama campaign

The subject of a possible contribution of up to US$30 million came up during ‘casual conversation’, the US star said during Fugees rapper Pras Michel’s foreign influence trial.

Actor Leonardo DiCaprio attends the Governors Ball following the 92nd Academy Awards in Los Angeles in February 2020. Photo: Reuters

Chinese tycoon Guo Wengui seeks bail, says he’d be worse off if he fled US

The billionaire argued that absconding would endanger him more as it would expose him to Beijing that has long targeted him and his family.

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US accuses rapper Pras Michel of illegal lobbying with 1MDB’s Jho Low, China

Prosecutors said Michel was paid US$70 million to funnel money from Low through straw donors to Obama’s 2012 re-election campaign and influence Trump to return dissident Guo Wengui to China.

Inside the ‘mysterious’ life of exiled Chinese billionaire tycoon Guo Wengui

Exiled Chinese billionaire Guo Wengui goes by multiple names and the true story of who he is remains a mystery even after his recent arrest – here’s what we know so far about his outlandish life

Guo Wengui was a billionaire in China before he fled the country and moved to the US. Photos: Handout; Reuters

Exiled Chinese businessman Guo Wengui arrested for fraud in the US

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Chinese exile Guo charged with defrauding investors out of over US$1 billion

Guo Wengui, arrested on Wednesday, faces 11 criminal counts, including securities fraud and money laundering charges; he pleaded not guilty but was denied bail.

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Chinese exile Guo Wengui files for bankruptcy after yacht dispute

Businessman was last week told to pay US$135 million fine or face arrest for violating court order to keep his vessel in American waters.

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Chinese exile Guo Wengui ordered to pay US$134 million in US yacht case

The Lady May made the news in 2020 when Trump ally Steve Bannon was arrested on unrelated federal charges while on board the vessel.

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Former White House chief strategist Steve Bannon greets fugitive Chinese billionaire Guo Wengui before introducing him at a news conference in New York in November 2018. Photo: AFP

Chinese billionaire Guo Wengui’s US$500 million lawsuit against UBS can proceed

Exiled Chinese billionaire Guo Wengui sued Swiss investment bank UBS last year over a 2015 margin call following a decline in Haitong Securities shares

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Firms tied to fugitive Chinese tycoon Guo Wengui settle US$539 million fines

The companies agreed to pay the penalties to settle charges over illegal cryptocurrency sales.

Politico | Newest MAGA app tied to Bannon-allied Chinese billionaire

GETTR has existed as a Chinese language social media network linked to Guo Wengui. It was unveiled as a new platform by Jason Miller on Thursday.

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Steve Bannon and fugitive Chinese billionaire Guo Wengui in 2018. File photo: AFP

Chinese tycoon Guo Wengui sues UBS for US$500 million over deal gone awry

Fugitive claims the bank pressured him into borrowing money tied to the purchase of shares in Haitong Securities, and that his investment was wiped out when UBS forced the sale of the stock during a market rout.

Wealthy businessman Guo Wengui has lived in exile in New York for more than five years. Photo: Reuters

Chinese fugitive Guo Wengui ‘spread Biden-China claim to impact US election’

Unverified stories linking Democrat Joe Biden’s son Hunter to China was part of an interference campaign, former Guo collaborator John Pan says.

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Ex-Trump fundraiser ‘illicitly lobbied on China and 1MDB scandal’

Elliott Broidy is accused of asking US president to invite Malaysia’s Najib Razak to golf game in bid to end corruption investigation.

US consultant charged with illicit lobbying for Jho Low over 1MDB probe

Prosecutors say Nickie Lum Davis was also involved in bid to arrange return of Chinese dissident living in US.

US prosecutors say Low offered an US$8 million retainer fee for the illicit lobbying, and an additional US$75 million if the matter was resolved within 180 days. Photo: SCMP

Questions go unanswered over Chinese footballer leaving Serbia

Son of now-ostracised Hao Haidong played for Super Liga side in Serbian Cup on June 3, despite ‘leaving club amicably on May 30’, while allegations of ‘pressure from Beijing’ were denied by Radnicki Nis.

Hao Runze of Radnicki Nis warming up before the Serbian Cup quarter-final against Cukaricki in Belgrade on June 3. Photo: Xinhua

Hao Haidong’s son sacked by Serbian club after ‘Beijing pressure’

China’s record goalscorer criticised the Communist Party on anniversary of Tiananmen Square crackdown; now Hao Runze has been let go just a week after Chinese media tipped him to follow in father’s footsteps.

Opinion | Airbrushing Hao from history is an own goal for China

China’s record scorer has disappeared from the Chinese internet after controversial comments on June 4 but someone claiming to be ‘China’s Michael Jordan’ has amassed more than 40,000 Twitter followers.

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