Chinese billionaire businessman Guo Wengui reportedly gave millions of dollars to former Trump administration chief strategist Steve Bannon, former Trump aide Stephen Miller, Fox News, and Miller’s app Gettr, according to new documents filed in a federal court last month.
Guo is an exiled businessman who became an anti-China political activist and fled the country after President Xi Jinping started an “anti-corruption” purge of businessmen. He began his career in the Chinese province of Shandong and came to operate a business with a stake in China’s Founder Securities, which offers services in investment banking, asset management, and securities brokerage. In March 2023, Guo was arrested in the United States for allegedly organizing a fraudulent conspiracy for more than $1 billion.
This latest release of documents is part of the effort to discover Guo’s alleged “fraudulent scheme.” In a bankruptcy case concerning Guo, a court appointed a trustee to recover money Guo transferred to hide his money from creditors.
EXCLUSIVE: An indicted Chinese businessman pumped millions of ill-gotten dollars into the bank accounts of some of the most influential figures in MAGA World, according to a raft of documents filed in federal court in February.https://t.co/Fob4v5ZuIN
— The Daily Beast (@thedailybeast) March 15, 2024
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“For years, the debtor has orchestrated a ‘shell game,’ employing a convoluted web of shell companies, nominally owned by family members and subordinates, but in reality, controlled by the debtor,” the filing reads. “The debtor, through his alter-ego shell company Hamilton Opportunity Fund SPC (‘Hamilton’) transferred funds in the amount of $21,000,000 after the [bankruptcy] petition date.”
Bannon’s consulting firm Bannon Strategic Advisors received $850,000 from two companies owned by Guo. Miller received $353,269 from Guo, and his former firm Jamestown Associates received $104,691. Fox News received $264,113 from Guo.
Concerning the accusations that Miller was part of Guo’s schemes, Miller said: “This is ridiculous … All monies earned in my role as GETTR CEO were specifically laid out in my contract and were for services performed. We will be opposing this witch-hunt.”
The trustee in the bankruptcy is seeking $21 million from Gettr in recuperations.
This development does not appear to be related to the pending TikTok ban, as Bannon is not against the ban and accused President Donald Trump—who is now against banning TikTok—of being “bought” by libertarian Jeff Yass.
Shane Devine is a writer covering politics, economics, and culture for Valuetainment. Follow Shane on X (Twitter).
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