Guo Wengui
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Guo Wengui

Guo Wengui
Guo Wengui
The latest news on Guo Wengui, exiled Chinese billionaire businessman and later political activist, including news on fraud and money laundering allegations.
Born
5 Oct 1968
Industry
Business
Job Title
Fugitive businessman
Singapore’s central business district. The city state has a tailored and multilayered system to deal with misinformation and inflammatory online material. Photo: Reuters
Singapore

Can Singapore’s cyber laws keep pace with speed of borderless online threats?

Long-term resilience will hinge on complementary measures such as deeper regional cooperation and improved digital literacy, analysts say.

US-China relations

Exiled Chinese businessman Guo Wengui found guilty of fraud in US trial

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United States

Chinese tycoon Guo Wengui stole US$1 billion for luxury lifestyle, court told

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United States

Chinese businessman Guo Wengui on trial in US over US$1 billion fraud scheme

The jury will be partially anonymous, after the judge noted that Guo had shown willingness to tamper with judicial proceedings via social media posts.

Businessman Guo Wengui speaks during an interview in New York in April 2017. Photo: Reuters
US-China relations

Guo Wengui’s chief of staff pleads guilty weeks before US fraud trial

Yvette Wang admitted to conspiring with the self-exiled Chinese businessman and others to commit wire fraud and money laundering.

United States

US court orders Chinese billionaire Guo Wengui to face fraud indictment

A judge said prosecutors sufficiently alleged that Guo engaged in a pattern of racketeering through four fraud schemes.

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Crime

No bail for exiled Chinese businessman Guo Wengui

A US appeal court said he should remain in jail while awaiting trial for allegedly defrauding investors of a total of over US$1 billion.

Chinese businessman Guo Wengui holds a news conference in New York in November 2018. Photo: Reuters
Malaysia 1MDB scandal

Fugees rapper convicted in US over lobbying campaigns with Malaysia’s Jho Low

Prosecutors accused Pras Michel of plotting with Low to attempt to influence the administrations of US presidents Barack Obama and Donald Trump.

United States

Chinese billionaire Guo Wengui denied bail in US fraud case

The judge called his proposed bail package insufficient, noting the exiled businessman with ties to Trump and Bannon has filed for bankruptcy and saying he has ‘the means and know-how to flee’.

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Malaysia 1MDB scandal

Jho Low paid US$20 million for Obama photo op, US rapper Pras Michel says

The ex-Fugees member says the Malaysian tycoon was willing to ‘spend any type of money’, but his ‘party guy’ reputation made it hard to get fundraiser invites.

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Gigi Hadid and Jho Low attend an event in New York in October 2014. Photo: Getty Images for Gabrielle’s Angel Foundation via AFP
Malaysia

Malaysia’s Jho Low paid a rapper to lobby Trump to drop 1MDB probe, court hears

Grammy-winning US rapper Pras Michel of hip-hop group the Fugees is accused of illegally lobbying on the fugitive Malaysian financier’s behalf as well as acting as an unregistered agent of China.

Jho Low paid US$8 million and promised as much as US$75 million more if the US Justice Department was successfully persuaded to walk away from its civil forfeiture case against 1MDB, the court heard. Photo: Sam Tsang
Malaysia 1MDB scandal

Leonardo DiCaprio says Malaysia’s Jho Low planned to donate to Obama campaign

The subject of a possible contribution of up to US$30 million came up during ‘casual conversation’, the US star said during Fugees rapper Pras Michel’s foreign influence trial.

United States

Chinese tycoon Guo Wengui seeks bail, says he’d be worse off if he fled US

The billionaire argued that absconding would endanger him more as it would expose him to Beijing that has long targeted him and his family.

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Malaysia

US accuses rapper Pras Michel of illegal lobbying with 1MDB’s Jho Low, China

Prosecutors said Michel was paid US$70 million to funnel money from Low through straw donors to Obama’s 2012 re-election campaign and influence Trump to return dissident Guo Wengui to China.

Rapper Prakazrel “Pras” Michel arrives for his trial at US District Court in Washington on March 30. Photo: Reuters
US-China relations

Inside the ‘mysterious’ life of exiled Chinese billionaire tycoon Guo Wengui

Exiled Chinese billionaire Guo Wengui goes by multiple names and the true story of who he is remains a mystery even after his recent arrest – here’s what we know so far about his outlandish life

Guo Wengui was a billionaire in China before he fled the country and moved to the US. Photos: Handout; Reuters

Video | Exiled Chinese businessman Guo Wengui arrested for fraud in the US

United States

Chinese exile Guo charged with defrauding investors out of over US$1 billion

Guo Wengui, arrested on Wednesday, faces 11 criminal counts, including securities fraud and money laundering charges; he pleaded not guilty but was denied bail.

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Chinese overseas

Chinese exile Guo Wengui files for bankruptcy after yacht dispute

Businessman was last week told to pay US$135 million fine or face arrest for violating court order to keep his vessel in American waters.

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Chinese businessman Guo Wengui holds a news conference with Steve Bannon (not pictured) in New York in November 2018. Photo: Reuters
Chinese overseas

Chinese exile Guo Wengui ordered to pay US$134 million in US yacht case

The Lady May made the news in 2020 when Trump ally Steve Bannon was arrested on unrelated federal charges while on board the vessel.

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Banking & finance

Chinese billionaire Guo Wengui’s US$500 million lawsuit against UBS can proceed

Exiled Chinese billionaire Guo Wengui sued Swiss investment bank UBS last year over a 2015 margin call following a decline in Haitong Securities shares

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United States

Firms tied to fugitive Chinese tycoon Guo Wengui settle US$539 million fines

The companies agreed to pay the penalties to settle charges over illegal cryptocurrency sales.

Fugitive real estate mogul Guo Wengui used social media and his media companies to disseminate searing accusations of corruption against China’s rich and powerful. Photo: Reuters
Social media

Politico | Newest MAGA app tied to Bannon-allied Chinese billionaire

GETTR has existed as a Chinese language social media network linked to Guo Wengui. It was unveiled as a new platform by Jason Miller on Thursday.

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Steve Bannon and fugitive Chinese billionaire Guo Wengui in 2018. File photo: AFP

Chinese tycoon Guo Wengui sues UBS for US$500 million over deal gone awry

Fugitive claims the bank pressured him into borrowing money tied to the purchase of shares in Haitong Securities, and that his investment was wiped out when UBS forced the sale of the stock during a market rout.

US presidential election 2020

Chinese fugitive Guo Wengui ‘spread Biden-China claim to impact US election’

Unverified stories linking Democrat Joe Biden’s son Hunter to China was part of an interference campaign, former Guo collaborator John Pan says.

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Donald Trump

Ex-Trump fundraiser ‘illicitly lobbied on China and 1MDB scandal’

Elliott Broidy is accused of asking US president to invite Malaysia’s Najib Razak to golf game in bid to end corruption investigation.

Former political fundraiser Elliott Broidy is accused of taking part in a scheme to illegally lobby the Trump administration to stop investigating the embezzlement scandal at the 1MDB Malaysian state investment fund. Photo: AP
Malaysia 1MDB scandal

US consultant charged with illicit lobbying for Jho Low over 1MDB probe

Prosecutors say Nickie Lum Davis was also involved in bid to arrange return of Chinese dissident living in US.

US prosecutors say Low offered an US$8 million retainer fee for the illicit lobbying, and an additional US$75 million if the matter was resolved within 180 days. Photo: SCMP
China’s Communist Party

Questions go unanswered over Chinese footballer leaving Serbia

Son of now-ostracised Hao Haidong played for Super Liga side in Serbian Cup on June 3, despite ‘leaving club amicably on May 30’, while allegations of ‘pressure from Beijing’ were denied by Radnicki Nis.

Chinese Football Association (CFA)

Hao Haidong’s son sacked by Serbian club after ‘Beijing pressure’

China’s record goalscorer criticised the Communist Party on anniversary of Tiananmen Square crackdown; now Hao Runze has been let go just a week after Chinese media tipped him to follow in father’s footsteps.

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