Lamborghini, yacht: Chinese tycoon ‘stole $1.5b’ for lavish lifestyle
New York | Chinese billionaire Guo Wengui, the exiled businessman and vocal critic of Beijing who figured in the prosecution of a fundraiser for Donald Trump, was arrested and charged with fraud after the US seized $US634 million ($957 million) linked to his alleged crimes.
Mr Guo, also known as Miles Kwok, and his financial adviser, Kin Ming Je, were charged with conspiracy, wire and securities fraud and money laundering in a 38-page indictment unsealed on Wednesday in Manhattan. Mr Guo was arrested in New York, while Mr Je is at large, Manhattan US Attorney Damian Williams said in a statement.
Bloomberg
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In North America
Fetching latest articles