Guo Wengui exiled: Why was Chinese businessman Guo Wengui exiled?

Chinese entrepreneur Guo Wengui was exiled in 2014, following allegations bordering on corruption by the Chinese government.

Who Is Guo Wengui?

Guo Wengui is an exiled Chinese billionaire entrepreneur cum political activist, who is currently facing charges in the U.S, bordering on fraud and complex investment scams.

Wengui has other names –  Guo Haoyun, Miles Guo, and Miles Kwok.

Born on China, Wengui formerly ranked the 73rd richest person in China.

Following allegations bordering on corruption by the Chinese government, Wengui went on exile to the United States in 2014.

He also faced allegations of bribery, kidnapping, money laundering, fraud and rape.

Wengui had claimed that the allegations were politically motivated and he was only a whistle-blower.

Wengui was also accused of using an online misinformation network to promote conspiracy theories about COVID 19 vaccines produced by Pfizer and Moderna.

Wengui was arrested on  Wednesday, March 16, 2023, for scamming thousands of followers to the tune of $1 billion via various schemes, including his company GTV Media Group, a farm loan program through Himalaya Farm Alliance, and a cryptocurrency called Himalaya Coin.

Now exiled in Manhattan, Wengui maintains “a $37 million, 145-foot luxury yacht, a New Jersey mansion and a custom-built Bugatti sports car valued at $4.4 million.”

Wengui has been detained in police custody without any bail option.