Bannon ally Guo Wengui busted for crypto fraud. GETTR funds seized.

One of the most moneyed men in Donald Trump’s orbit has just been charged by the U.S. for fraud.Guo Wengui, a Chinese fugitive living in the U.S., was arrested on Wednesday and hit with a series of wire fraud, securities fraud, bank fraud, and money laundering charges. The billionaire fled China in 2014 and has been living in New York. He has been sought by China’s government.A major part of Guo’s alleged fraud was his Himalayan Exchange, a cryptocurrency “ecosystem,” that included a stablecoin dubbed the Himalaya Dollar and a crypto token called Himalaya Coin.  SEE ALSO: Crypto and other online scams took over $10 billion from victims in 2022 Guo had presented Himalayan Exchange as an opportunity for investors to make money and overthrow the Chinese government via crypto. In reality, their investments were, it appears, going directly into Guo’s bank accounts. Guo allegedly bilked $262 million out of his victims under this scheme. Since arriving in the U.S. Guo has been associated with figures in conservative politics. In July 2021, former Trump administration communications director Jason Miller launched a brand new alternative social media platform for conservatives called GETTR. Shortly after, a report from The Daily Beast uncovered that Guo was a major financial backer of the social network.”Some of the initial seed money has come from [Guo’s] family foundation,” Miller told the outlet at the time. Miller also claimed that Guo wasn’t a direct investor in the company.However, according to the indictment filed by the U.S. Department of Justice,…Bannon ally Guo Wengui busted for crypto fraud. GETTR funds seized.