Chinese Billionaire SENTENCED To 30 Years As FBI EXPOSES $1 Billion Fraud On His Own Followers

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He told his followers he was fighting the Chinese government. Prosecutors say he was taking their money. Miles Guo, also known as Guo Wengui and Ho Wan Kwok, was convicted of fraud and racketeering conspiracy and sentenced on June 29, 2026, to 30 years in federal prison and $889 million in restitution.

Steve Bannon was not accused of wrongdoing in Guo's case.

In this report

• How Guo raised more than $1 billion from his online followers
• The $37 million yacht, the Mahwah mansion and the $36,000 mattresses
• The FBI raid at the Sherry-Netherland and the fire that followed
• His ties to Steve Bannon
• What the victims told the judge

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