https://sputnikglobe.com/20230315/us-arrests-exiled-chinese-businessman-seizes-over-630mln-from-alleged-fraud-scheme-1108427771.html
US Arrests Exiled Chinese Businessman, Seizes Over $630Mln From Alleged Fraud Scheme
US Arrests Exiled Chinese Businessman, Seizes Over $630Mln From Alleged Fraud Scheme
Sputnik International
"As alleged, Ho Wan Kwok, known to many as ‘Miles Guo,’ led a complex conspiracy to defraud thousands of his online followers out of over $1 billion dollars," US Attorney Damian Williams said in a statement.
2023-03-15T15:57+0000
2023-03-15T15:57+0000
2023-03-15T15:59+0000
americas
us
money laundering
fraud
https://cdn1.img.sputnikglobe.com/img/105974/58/1059745868_113:0:1807:953_1920x0_80_0_0_32ce2c56ad35a2463f462c00838e90ce.jpg
Kwok is charged with laundering hundreds of millions of stolen funds to conceal the conspiracy’s illegal activities and continue the fraud’s operations, the statement said. The businessman was arrested in New York this morning and will be presented this afternoon, the statement said. Additionally, the US is charging Kwok’s financial advisor Kin Ming Je (William Je) with obstruction of justice, as well as fraud charges. Je is currently at large, the statement said.
https://sputnikglobe.com/20221203/ftx-scandal-is-tip-of-iceberg-how-corruption-flourishes-on-the-hill--in-executive-residence-1104998361.html
americas
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
us, money laundering, fraud scheme
us, money laundering, fraud scheme
US Arrests Exiled Chinese Businessman, Seizes Over $630Mln From Alleged Fraud Scheme
15:57 GMT 15.03.2023 (Updated: 15:59 GMT 15.03.2023) The United States arrested exiled Chinese businessman Ho Wan Kwok, also known as Guo Wengui, on a 12-count indictment for fraud and other crimes, seizing $634 million in alleged criminal proceeds, the US Justice Department said on Wednesday.
"As alleged, Ho Wan Kwok, known to many as ‘Miles Guo,’ led a complex conspiracy to defraud thousands of his online followers out of over $1 billion dollars," US Attorney Damian Williams said in a statement.
Kwok is charged with laundering hundreds of millions of stolen funds to conceal the conspiracy’s illegal activities and continue the fraud’s operations, the statement said. The businessman was arrested in New York this morning and will be presented this afternoon, the statement said.
3 December 2022, 09:59 GMT
Additionally, the US is charging Kwok’s financial advisor Kin Ming Je (William Je) with obstruction of justice, as well as fraud charges. Je is currently at large, the statement said.
