FBI arrests exiled Chinese social media mogul in alleged $1B fraud scheme used to fund luxurious NYC lifestyle

Posted on AllSides March 15th, 2023
From The Right

The Department of Justice on Wednesday unsealed a 12-count indictment against an exiled Chinese businessman for a $1 billion alleged fraud scheme. Ho Wan Kwok, also known as "Miles Guo," is accused of leading a complex conspiracy to defraud thousands of his online followers out of over $1 billion. "Kwok is 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, and financing a $37 million luxury yacht," Damian Williams, U.S....

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