Lawyers for Guo Wengui, an exiled Chinese billionaire charged with defrauding investors of more than $1 billion, portrayed him on Friday as the dedicated leader of an anti-Communist movement who did not need the money he is accused of stealing.
That is “not just illogical, it defies common sense,” Ms. Shroff said.
Mr. Guo, who is also known as Miles Kwok or Miles Guo, has been in a federal detention center in Brooklyn since March 2023, when he was arrested at his $68-million Manhattan apartment and charged with fraud and money laundering.
Prosecutors say Mr. Guo promised investors shares in his media company, or in cryptocurrency, but instead the money was used to finance his luxurious lifestyle.
Among his purchases were a yacht, a $4 million Bugatti sports car and a 50,000-square-foot mansion in New Jersey that cost $26 million.
Persons:
Guo Wengui, Sabrina Shroff, Guo, Ms, Shroff, Miles Kwok, Miles Guo
Organizations:
Communist, Chinese Communist Party
Locations:
Manhattan, Brooklyn, cryptocurrency, New Jersey