Guo Wengui, once a business associate of former U.S. President Donald Trump's adviser Steve Bannon, was arrested in March. Federal prosecutors in Manhattan say he promised followers "outsized" investment returns but diverted much of their money to fund lavish lifestyles for himself and his family. Guo pleaded not guilty to 11 charges including securities fraud, wire fraud and concealing money laundering. The 52-year-old defendant, whose other names include Ho Wan Kwok and Miles Kwok, is a prominent critic of China's Communist Party. Bannon was arrested in a 2020 fraud case while aboard Guo's yacht.
