Feds seized $2.7 million of Chinese billionaire’s money from Trump-aligned social network
by Makena Kelly from The Verge - All Posts on (#69XT4)
Illustration: The Verge Federal authorities seized nearly $3 million from Gettr last September as part of a sweeping billion-dollar fraud investigation into a Chinese billionaire.
On Wednesday, the Justice Department arrested Chinese billionaire and dissident Guo Wengui, also known as Ho Wan Kwok and Miles Guo, for allegedly defrauding thousands of people out of more than $1 billion. Authorities said that Guo carried out the massive fraud through a complex web of investment schemes that has now entangled Trump-aligned social network Gettr.
Guo, an exiled Chinese dissident living in Manhattan, is a prominent Trump supporter and friend to Steve Bannon. A 2021 Daily Beast report revealed that Guo was an original investor in Gettr, where he touts nearly 900,000...