Steve Bannon’s Sugar Daddy To Be Tried In April 2024

ABC News reports:

The exiled Chinese billionaire Guo Wengui, who was charged by U.S. prosecutors in a $1 billion fraud conspiracy, will go to trial in April.

U.S. District Judge Analisa Torres set the trial date at a hearing Tuesday in New York City. She also granted Guo’s request for access to a government-provided computer to review evidence.

Federal authorities arrested Guo in March on that he defrauded thousands of online followers out of over $1 billion. He promised his followers “outsized financial returns” but instead used the money to fund his lavish lifestyle, according to prosecutors, who said the scheme took place from 2018 until March.

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It’s not clear if Guo will be released before his trial. As was reported here earlier this week, some believe that he fronted the $500,000 in bail money for George Santos, who has until tomorrow to file an appeal in the judge’s order that he identify his benefactors.