An exiled Chinese billionaire has now been found guilty of multiple charges, including fraud and money laundering. Here's a look into how Guo Wengui, who built up a real estate empire in China, went on to run a billion dollar scam in the US.
In early June 2020, at the tail end of the city's first Covid lockdown, a fleet of small planes baffled New Yorkers. They circled overhead towing banners that read: "Congratulations to the New Federal State of China" and flew an unfamiliar-looking blue flag. Was it a prank? A stunt? Weird propaganda? The mystery was solved a few days later when Guo and former White House chief strategist Stephen Bannon appeared live online.
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