Posted on 04/24/2023 11:10:48 AM PDT by nickcarraway
It was on Guo’s yacht that Bannon, the former chief White House strategist for Donald Trump, was arrested in a criminal fraud case in 2020.
Guo Wengui, a Chinese billionaire and associate of Steve Bannon, was denied bail on Thursday after being charged in a $1 billion fraud case in March.
U.S. District Judge Analisa Torres rejected Guo’s proposed bail package, saying he must remain behind bars pending trial because there is “no condition or set of conditions” that would ensure his return to court or the safety of the community, according to the court order.
Torres said Guo “has means and know-how to flee.” While law enforcement officials have confiscated two passports and copies of another passport from Guo, the judge said a “clever defendant with sufficient resources could figure out a way to leave the country without travel documents.”
It was on Guo's yacht that Bannon, the former chief White House strategist and adviser to former President Donald Trump, was arrested in a fraud case in 2020. Trump pardoned Bannon in 2021.
In hopes of obtaining bail, Guo’s lawyer, Stephen Cook, said in a court filing that Guo would remain in the country if he was released on bond, “because the risk to his life is simply too great for him to leave.”
Guo has pleaded not guilty. Cook did not immediately respond to a request for comment.
Guo is an exiled Chinese businessman and has lived in the United States since around 2015. He was arrested and charged by federal authorities in New York in March for allegedly orchestrating a complex conspiracy to defraud thousands of his online followers out of more than $1 billion.
Prosecutors allege that Guo promised his followers “outsized financial returns and other benefits.” Guo then misappropriated hundreds of millions of dollars of the fraudulently obtained funds, which went towards his lavish lifestyle.
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The judge on Thursday also said Guo’s proposed bail package — which amounted to a $25 million bond, $5 million which would be secured by cash or real estate — was “insufficient,” noting he filed for bankruptcy and claimed to only have $10,000 in assets.
Even though Guo offered his bond to be signed by two adults, including a relative, Torres said in the order that several of his family members have been accused of being “recipients of fraud proceeds.” Torres said Guo hasn’t identified a co-signer — with a sufficient net worth and ties to the U.S. — who would have a “moral suasion” over him.
Meanwhile, the judge said GPS monitoring for Guo would be “inadequate,” because “ankle monitors can be removed and ensure only a reduced head start should a defendant decide to flee.” Torres also nixed his suggestion of using private security, citing that it’s “not as reliable as a federal jail.”
“Further, Defendant’s past obstructive conduct in civil litigation, in his bankruptcy proceeding, and in this case, as well as his actions following the SEC order and the seizure of funds, demonstrate that the Court does not have reasonable assurance that Defendant will abide by any conditions of pretrial release,” she added.
Analisa Torres -just another Obama stooge from SD New York...
This lawfare is getting ridiculous. Obama appointed judge.
Torres is an Obama stooge, and lies like one.
Just think where we’d be if Cankles had gotten to appoint Lefty stooges after the 2016 election...
You’ll get an idea of who is running the Biden regime if they try to put Guo into CCP custody, imho.
Instead of the moderate lefty ones we got?
So it’s not because Guo is a Kung Fu master or something?
It would be the Federal Stooge-iciary, with all the Left's enemies on a conveyor belt to the gulag.
I know zero about this guy but that’s is cruel and unusual punishment. The moron who is President has multiple proven felonies through his artist. Why deny bail on what is clearly a corrupted New York. I don’t know why anyone would live in a Democratic run city at this point.
Guo has the goods on Biden.
Gui had all the hard drive stuff and broadcast it online— in clear, way beyond subreddit. Anyone heard from Bobolinski whom Tucker hosted- and who coughed up the real deal. As to the hard drive, Giuliani tried to give away his copies to the fibbies who raided his office and then, they said OH NO!Don’t want that.
One wonders what this Obamaumao crafted set up is to protect— one guess. Why it’s the mack daddy his-self, and a string of his pals of bi-land.. Garland, Emmett Sullivan, and DC paedo parade. Roll them all up. Kalorama drama dam. Susan Rice has left JoeBama by the way.
Remember Biden dropped charges on Meng Wenzhou. Three months after Chicoms demanded she be released in a meeting between.State Department and Chicom Foreign Ministry.
All the CCP “policemen” at the Chinatown precinct of the CCP constabulary in Manhattan, were immediately released on bail within a few minutes after being arrested Monday afternoon.
It’s kind of funny how questioning multiple swing states counting for days, including Atlanta stopping it at midnight with women getting out out boxes of unaccounted for ballots that’s on ballots and also in Michigan, in 2020 is supposed to be seen without skepticism.
I don’t see how this goes well on a macro level.
I don’t think our Left in the US has what it takes. They’re soft.
Keep in mind that this “article” is put out by the true Chi-Coms incorporated at Con-Cast.... the same anti-US clowns who suck up every day to JoeBama, and the Chi-Coms.
So, Gui is worse than this a@@clown the NBCers seem to think was worthy of trust? He hasn’t been found yet— and they admire what he did:
Fat Leonard: https://www.nbcnews.com/news/us-news/fat-leonard-flees-house-arrest-navy-corruption-scandal-sentencing-rcna46375
Debtor prison, here we come. I thought our constitution forbade that.
“ It would be the Federal Stooge-iciary, with all the Left’s enemies on a conveyor belt to the gulag. ”
In about two years that’s where we will land.
And nothing is going to stop it now.
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