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Chinese NYC scammer learns fate for ‘stunning’ $1.3B fraud — as hundreds of fans flock to court
NY Post ^ | Published June 29, 2026, 6:45 p.m. ET | By Ben Kochman

Posted on 06/30/2026 10:38:14 PM PDT by dennisw

A federal jury convicted Guo of racketeering conspiracy, fraud raps and money laundering after the feds charged him with bilking thousands of supporters over a five-year span.

Guo had amassed a large online following after starting two nonprofits in 2018 that pushed his purported agenda of being critical of the Chinese Communist Party, prosecutors said.

But “Miles Guo did not lead a movement … he led a criminal enterprise, strengthened through violence, through threats, through fear,” prosecutor Ryan Finkel told the court Monday.

Guo also boasted political connections, including a friendship with former White House adviser Steve Bannon. Trump administration insiders told The Post last year that they feared Guo would use his connections to secure a pardon, but no such pardon has surfaced, at least to date.

Wearing a tan jail outfit and gesticulating wildly, Guo addressed the court with a rambling statement Monday afternoon after his sentencing was delayed for hours. The delay was caused by Guo claiming that he had suffered an illness, Finkel said in court.

Standing at the defense table, the convict claimed that he had “fainted” at the Metropolitan Detention Center early in the morning and saw a doctor after vomiting blood, before a “mysterious woman” arrived and transported him to the Manhattan courthouse.

Guo did not directly address the fraud charges he was convicted of in his speech and told the judge that he would appeal the jury’s verdict.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption
KEYWORDS: milesguo
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1 posted on 06/30/2026 10:38:14 PM PDT by dennisw
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To: dennisw

IIRC he was a funder of Steve Bannon


2 posted on 06/30/2026 10:38:49 PM PDT by dennisw (Qatarlson the Insufferable blowhard -There is no limit to human stupidity. |||||||||||||||||||||||||)
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To: dennisw

Another day, another billion in fraud. Is anyone keeping track of how much fraud we are up to now?


3 posted on 06/30/2026 11:17:47 PM PDT by Dan Zachary
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To: dennisw

Probably funded and directed by the CCP.


4 posted on 06/30/2026 11:24:51 PM PDT by Jonty30 (Im so glad I bought bitcoin at $120,000. I wouldnt have have known how else to spend $58000)
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To: Dan Zachary

about 40 trillion


5 posted on 06/30/2026 11:26:10 PM PDT by deks (America cannot be made great in complete isolation from the adversaries that are harming Americans)
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To: dennisw

Trump distanced himself from Bannon; that’s god enough for me.


6 posted on 06/30/2026 11:33:01 PM PDT by citizen (All Bush-era RINOs have got to be primaried out.)
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To: dennisw

I don’t know about being a funder of Steve Bannon, certainly they were close and involved in a number of shady deals, I think Bannon was originally arrested on the border wall funding fiasco after getting off a yacht owned by Gao.

If you read into Bannon’s past, he’s been involved in a number of really shady financial deals only to escape from getting indicted.

The only thing that really got Bannon into trouble was the fake investigation into him refusing a congressional subpoena.


7 posted on 06/30/2026 11:42:12 PM PDT by srmanuel
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To: All

Guo

8 posted on 07/01/2026 1:01:35 AM PDT by Liz (“The heavens declare the glory of God; the skies the work of His hands." (Psalm 19:1))
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To: dennisw

I’m glad I stopped the whole Bannon thing a couple years ago. I was getting an icky feeling about him. His content during Covid was excellent, but then ... ew.


9 posted on 07/01/2026 1:32:00 AM PDT by MayflowerMadam ( "Trouble knocked at the door, but, hearing laughter, hurried away". - B. Franklin)
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To: dennisw
https://theonion.com/tenth-circle-added-to-rapidly-growing-hell-1819564878/

CITY OF DIS, NETHER HELL–After nearly four years of construction at an estimated cost of 750 million souls, Corpadverticus, the new 10th circle of Hell, finally opened its doors Monday. The Blockbuster Video-sponsored circle, located in Nether Hell between the former eighth and ninth levels of Malebolge and Cocytus, is expected to greatly alleviate the overcrowding problems that have plagued the infernal underworld in recent years. The circle is the first added to Hell in its countless-millennia history.


10 posted on 07/01/2026 2:27:00 AM PDT by know.your.why
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To: dennisw

ALL DEMOCRATS ARE CHEATERS and LIARS and DESTOYERS!


11 posted on 07/01/2026 2:37:45 AM PDT by Ann Archy (Abortion.....the HUMAN Sacrifice to the god of Convenience.)
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To: citizen

That makes another criminal Trump spotted and stayed away from.


12 posted on 07/01/2026 2:48:38 AM PDT by yldstrk
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To: Liz

Honest and Chinese culture do not go hand in hand. Money is the Chinese God.


13 posted on 07/01/2026 2:49:59 AM PDT by yldstrk
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To: yldstrk

Looks that way.


14 posted on 07/01/2026 3:35:33 AM PDT by Liz (“The heavens declare the glory of God; the skies the work of His hands." (Psalm 19:1))
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To: All

A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced Monday to 30 years in a US prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars.

“Guo Wengui,” who said he fled China a decade ago and then reinvented himself as a US-based
Communist Party critic, was sentenced in a Manhattan courtroom packed with his supporters.

Judge Analisa Torres said he “preyed on those seeking to bring
Democracy to China,” taking their money so he could live lavishly.


15 posted on 07/01/2026 9:01:33 AM PDT by Liz (“The heavens declare the glory of God; the skies the work of His hands." (Psalm 19:1))
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