Exiled Chinese tycoon Guo Wengui arrested in the US over fraud charges worth US$1 billion

Fugitive Chinese businessman Guo Wengui was arrested in New York on March 15, 2023, over allegations that he conspired to defraud thousands of online followers out of more than US$1 billion. The 52-year-old self-described billionaire is known for his criticisms of China’s Communist Party and his association with Steve Bannon, a one-time adviser to former US president Donald Trump.