Steve Bannon’s Sidekick Guo Convicted in Billion-Dollar Fraud

Exiled Chinese billionaire Guo Wengui was found guilty Tuesday in his trial of defrauding investors as part of a colossal fraud.

Jurors heard how victims were drawn to Guo, a longtime ally of former Donald Trump adviser Steve Bannon, by his self-styled crusade to bring down the Chinese Communist Party—which at one point even saw him announce the formation of a New Federal State of China.

Instead, their millions were pumped into sundry schemes, from cryptocurrencies to club memberships...