Former White House Chief Strategist Steve Bannon, right greets fugitive Chinese billionaire Guo Wengui before introducing him at a news conference, Nov. 20, 2018, in New York.Guo Wengui, an exiled Chinese billionaire with business ties to Steve Bannon, faces federal fraud charges out of New York, as authorities investigate a fire that broke out at his apartment hours following his arrest on Wednesday.
Guo consented to detention, though the federal defender said his retained attorneys plan to propose a "robust bail package." He is next scheduled to appear in court on April 4. Guo, 54, pitched three unregistered securities offerings to investors as a means of obtaining shares in GTV and a fourth offering as a means to obtain a crypto asset security called "H-Coin" that he falsely claimed was backed by gold reserves, the SEC said.
Arrest Bannon too! He should not be out doing more damage to our country.
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