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Guo Wengui Convicted on Nine Counts, Including Racketeering, in $1 Billion Fraud Case

Jul 16, 2024, 07:03 PM

A Manhattan jury has convicted Chinese billionaire Guo Wengui, also known as Miles Guo, on nine criminal counts related to a $1 billion investor fraud scheme. The trial, which has garnered significant attention due to Guo's connections with Steve Bannon and his outspoken opposition to Beijing's communist government, saw a juror dismissed for googling information about Guo's co-conspirator, William Je. The jury, now composed of eight men and four women, reached a split verdict, acquitting Guo on three counts, including two tied to the Bannon-related GTV anti-censorship media platform. The verdict, which included racketeering charges, was reached on Tuesday after several days of deliberations, during which the jury requested transcripts and limiting instructions.