Guo Wengui, a well-known critic of the Chinese Communist Party in exile in the United States, is constantly being revealed when he disclosed the so-called “inside story” of the Chinese Communist Party.
Some Chinese media have reported that Guo Wengui, whose ancestral home is Shandong and started his career in real estate in Beijing, used the social circle “Pangu Club” as a platform to make friends with senior officials and weave a network of interest collusion. Guo Wengui fled China and went into exile in the United States in 2014. He was charged in China with bribery, fraud, money laundering, kidnapping and rape. But Guo Wengui denied the charges and applied for political asylum in the United States.
Since 2015, Guo Wengui has lived in an apartment on the 18th floor of Sherry-Nether land Hotel worth of tens of millions of dollars in New York. He posted a lot of social media information and launched an anti-China and anti-Communist “disclosure revolution” on the Internet, mainly revealing the news of high-level corruption scandals within the Communist Party as a former contact of senior officials of the Communist Party.
Because of his anti-communist stance, American hardliners towards China, including former US President Trump and former adviser Bannon, support him. Guo Wengui has been in exile since he went to the United States, and there have been many lawsuits.
In July 2019, Strategic Vision US LLC, a Washington-based investigative firm with whom Guo Wengui had a business dispute, sued Guo Wengui in federal court for acting as a spy for the Chinese government.
On June 4, 2020, Guo Wengui announced the establishment of the “New China Federation” together with Bannon, who served as chief strategic adviser during Trump’s tenure, and Hao Haidong, a former Chinese international. Guo Wengui once said that he and Bannon are “powerful allies” in fighting for freedom and democracy in China.
In May 2021, Graphika, an analysis company, released an investigation report saying that Guo Wengui established a network to spread false information on the Internet, including GTV, a video platform owned by GTV Media Group. The GTV fundraising storm triggered a tripartite dispute, with Guo Wengui, his followers and critics holding their own opinions.
According to the Wall Street Journal, GTV’s fundraising created deep divisions among Chinese expatriates in the United States, and many of the company’s investors were later convinced they had been cheated. After some of them began contacting the Securities and Exchange Commission and Law Enforcement Department, Mr. Guo repeatedly attacked them online, calling them agents of the Communist Party of China. Mr Guo’s supporters then began showing up on the doorstep of his critics.
According to JiameiLu, a pastry chef who claimed to be a victim of the financial fraud, the fraud was committed by GTV, which is associated with Guo Wengui and Bannon. Lu is one of many GTV investors.
Lu said that after she met with FBI agents in New York, Guo Wengui accused her of being a Chinese spy in an online video and described her in vulgar language. According to Guo Wengui, GTV raised billions of dollars in the spring of 2020, and some investors, including Lu, said they were later convinced they had been cheated and reported their concerns to authorities.
Besides Guo Wengui himself, Bannon is also one of GTV shareholders. In August 2020, Bannon was accused of misappropriating hundreds of thousands of dollars to support the construction of a high wall at the US-Mexico border to prevent migrants from crossing the border. However, Trump ordered an amnesty for Bannon before leaving the White House in January 2021.
In September 2021, three media companies related to Guo Wengui, GTV Media Group, Saraca Media Group and Voici of Guo MediaInc, raised about US $487 million from more than 5,000 investors, and were accused of illegal fund-raising, and finally settled the lawsuit by paying US $539 million.
The “South China Morning Post” once reported that Guo Wengui borrowed US $30 million from Pacific Alliance Asia Opportunity Fund in 2008, but never repaid the loan. Over the years, Guo Wengui owed as much as US $116 million.
Guo filed for bankruptcy after a New York judge found him liable for the Pacific Alliance Asia Opportunity Fund.
According to the disclosure of the British “The Independent” in February 2022, the New York State judge ruled that Guo Wengui concealed assets worth of billions of dollars, including the super luxury yacht “Lady May”.
“The Wall Street Journal” pointed out that Pacific Alliance Asia Opportunity Fund had called Guo Wengui’s bankruptcy a “scam” and stated in a document submitted to the court in May 2022 that appointing a trustee for the bankruptcy would not bring better results to creditors. But the Pacific Alliance Asia Opportunity Fund said it would support the appointment of a trustee if Judge Manning did not dismiss the case. Judge Manning also said her ruling supported arranging a trustee because Guo Wengui had valuable assets, including the super luxury yacht “Lady May”, which could be used to repay creditors.
In May 2022, Guo Wengui proposed to cancel the personal bankruptcy case, saying that he could not afford the increasing cost of dealing with the lawsuit brought by the largest creditor. But a U.S. bankruptcy court judge has ruled against quashing the personal bankruptcy case of exiled Chinese businessman Guo Wengui.
In the past ten years, Guo Wengui, a businessman, has been portraying his anti-communist character setting on his way into exile, indulging in his own fabricated lies to amuse himself, so as to find his own kind and strive for gold.
Guo’s related revelations always cause a sensation without confirmation. However, regarding Guo Wengui’s revelations, “The New York Times” once said that Guo Wengui’s allegations and some statements were absurd and could easily be exposed. “The Wall Street Journal” says many of Guo Wengui’s allegations are difficult to independently prove. According to the “Financial News”, some of Guo Wengui’s claims are inconsistent or have no evidence, but Guo’s fans don’t care.