Mar 16, 2023 07:09 PM

WORLD

Fugitive Billionaire Guo Wengui Arrested in New York

By Kelly Wang and Wang Duan

In 2017, Interpol issued a red notice seeking the arrest of Guo at China’s request.

In 2017, Interpol issued a red notice seeking the arrest of Guo at China’s request.

Fugitive Chinese billionaire Guo Wengui was arrested Wednesday morning in New York on 11 federal criminal charges, including leading a conspiracy to defraud his online followers out of over $1 billion.

Guo, also known as Kwok Ho Wan or Miles Kwok, was also charged with wire fraud, securities fraud, bank fraud and money laundering, among other crimes, according to a statement from the U.S. Justice Department.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: TikTok Chief in Congressional Hotseat

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin-Sinica Business Brief: TikTok CEO Pushes Back on Security Concerns

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: 2008 Redux? SVB Collapse Raises Questions About Banking Oversight

2: SVB Collapse Catches Chinese Tech Startups, Private Funds Off Guard

3: Beijing Welcomes Ex-Taiwan Leader’s Visit to the Mainland

4: Former Chief of Chip Giant Unigroup Charged With Corruption

5: Opinion: What China Can Learn From SVB’s Collapse

SPONSORED

OR