And I hope, at least a few of you, donated.
Guo Wengui, a fugitive Chinese billionaire, was arrested on Wednesday morning in New York on charges that he orchestrated a complex conspiracy to defraud thousands of his online followers out of $1 billion, the authorities said.
A federal indictment unsealed in Manhattan charged that Mr. Guo and a co-defendant took advantage of Mr. Guo’s “prolific online presence” to solicit investments in various entities and programs “by promising outsized financial returns and other benefits.”
Damian Williams, the U.S. attorney for the Southern District of New York, said Mr. Guo was “charged with lining his pockets with the money he stole, including buying himself, and his close relatives, a 50,000-square-foot mansion, a $3.5 million Ferrari and even two $36,000 mattresses.” The money was also used to finance a $37 million luxury yacht, Mr. Williams said.
Mr. Guo, who is also known as Miles Kwok, is a business associate of Stephen K. Bannon, a onetime top adviser to former President Donald J. Trump. It was on a yacht belonging to Mr. Guo that Mr. Bannon was arrested in a fraud case in August 2020; Mr. Trump later pardoned Mr. Bannon, who had pleaded not guilty to those charges.