郭文贵十亿美元欺诈案九项罪名成立

Exiled Chinese tycoon Guo Wengui, whose crusade against the Communist Party attracted allies including Donald Trump associate Steve Bannon, was convicted for duping investors out of $1 billion to fund his luxury lifestyle.

After a trial in Manhattan that lasted almost two months, Guo was found guilty on Tuesday of fraud and racketeering conspiracy. Convicted on nine of the 12 counts against him, he faces as many as 20 years in prison on the most serious charges when he is sentenced on Nov. 19.

Guo “brazenly operated several interrelated fraud schemes, all designed to fleece his loyal followers out of their hard-earned money so that Guo could spend his days in his 50,000-square-foot mansion, driving his $1 million Lamborghini, or lounging on his $37 million yacht,” Manhattan US Attorney Damian Williams said in a statement after the verdict.

A lawyer for Guo declined to comment, but Guo is almost certain to appeal the verdict.

Guo smiled at his lawyers as the jury walked out, hugged attorney Sabrina Shroff and shook the hands of other members of the defense team. The outspoken businessman, also known as Ho Wan Kwok or Miles Guo, was tried before jurors whose names were kept secret — an unusual move designed to shield them in a case that has drawn intense interest.

Appealing to a huge online following, Guo raised money from investors for seemingly legitimate businesses but diverted the funds to spend on himself and his family. The trial involved weeks of testimony from investors drawn to Guo through his public critique of the Chinese Communist Party, as well as from luxury car dealers who sold him rare vehicles and a managing director at Kyle Bass’ hedge fund Hayman Capital Management, which ran a hedge fund that the government said Guo invested $100 million of the stolen funds in.