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.
Read the full article.
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.
US District Judge Analisa Torres set an April 2024 date at a Tuesday hearing in Manhattan federal court for the exiled Chinese businessman Guo Wengui’s trial over US fraud charges https://t.co/5IbHEN7bYn pic.twitter.com/lq8vkg7DOD
— Reuters Legal (@ReutersLegal) June 7, 2023