Thursday, March 16, 2023

Bannon's Chinese Partner Arrested For Fraud

 

Guo "F Yourself" Wengui, the fugitive Chinese financier who partnered with far-right loon Steve "Loose Cannon" Bannon's in the "we build the wall" scam, was arrested yesterday and charged with defrauding his on-line followers of more than $1 billion. The fraud involved soliciting investments in several entities, promising big profits, but pocketing the money instead. From the New York Times report:

"Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement that Mr. Guo was 'charged with lining his pockets with the money he stole, including buying himself, and his close relatives, a 50,000-square-foot mansion, a $3.5 million Ferrari and even two $36,000 mattresses.' The money was also used to finance a $37 million luxury yacht, Mr. Williams said.

Mr. Guo, who is also known as Miles Kwok, is a business associate of Stephen K. Bannon, a onetime top adviser to former President Donald J. Trump. It was on a yacht belonging to Mr. Guo that Mr. Bannon was arrested in a fraud case in August 2020; Mr. Trump later pardoned Mr. Bannon, who had pleaded not guilty to those charges." (our emphasis)

Among those fleeced by Guo were likely MAGA morons who loved Guo's convenient hostility to the Chinese Communist Party. He also had access to the Malignant Loser and whatever information he had:

"For six years, Mr. Guo has been seen as a vocal critic of the Chinese Communist Party, endearing himself to some conservatives in the United States and many members of the Chinese diaspora. The U.S. attorney’s office issued a news release announcing his arrest in both English and Chinese. [snip]

At the same time, Mr. Guo was trying to ingratiate himself with the Trump administration. In early 2017, Mr. Guo posted pictures of himself at Mr. Trump’s Florida resort, Mar-a-Lago, where Mr. Guo was then a member. Several months later, he told his many followers on social media that he had booked meetings at the Trump International Hotel in Washington."  (our emphasis)

Among the scams run by the Malignant Loser, Bannon, and Guo, one wonders if the MAGA sheep will be fully fleeced in the near future.