Exiled Chinese billionaire with ties to Steve Bannon arrested for alleged fraud conspiracy ...Middle East

News by : (The Hill) -
An exiled Chinese billionaire with ties to former President Trump’s onetime political strategist Steve Bannon was arrested on Wednesday in connection with an alleged scheme to solicit investments from hundreds of thousands of his online followers.   The Department of Justice announced the unsealing of a twelve-count federal indictment charging Ho Wan Kwok with wire fraud, bank fraud, securities fraud and money laundering. Kwok is known by a number of other aliases, including “Miles Guo” and “Guo Wengui,” and has a “significant online following,” according to the department.  Kwok allegedly “led a complex conspiracy to defraud thousands of his online followers out of over $1 billion

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