Chinese businessman Guo Wengui convicted of billion-dollar fraud, linked to former Trump strategist Bannon

Exiled Chinese businessman Guo Wengui, also known as Miles Guo, has been convicted of defrauding his supporters in a billion-dollar scam involving his company, GTV Media Group. He was found guilty of racketeering conspiracy, securities fraud, wire fraud, and money laundering charges by a unanimous jury in New York. Guo, who has been behind bars since his arrest in March 2020, faces decades in prison. Guo's associate, former Trump strategist Steve Bannon, was arrested on Guo's yacht in August 2020 for conspiracy to commit wire fraud and money laundering related to a crowdfunding scheme to build a border wall between the U.S. and Mexico.