The trial of Guo Wengui has the potential to unearth the truth about the Chinese businessman’s dealmaking in American politics, intelligence, and law enforcement.
Even the confirmed parts of Guo’s story have always been peculiar. Raised in the hinterlands of Shandong Province, Guo was a smooth-talking middle-school dropout who served time in jail before somehow finding his angles in the real-estate boom of the nineteen-nineties and two-thousands. He built a high-end property empire, symbolized by a dragon-shaped building complex in Beijing.
The Department of Justice has now given us some answers. In a detailed indictment unsealed Wednesday, federal prosecutors accused Guo and a co-defendant, Kin Ming Je, of orchestrating fraud involving more than a billion dollars, in which Guo amassed hundreds of thousands of followers online—many of them Chinese expatriates who believed in his promises to “take down the CCP”—and solicited their investments in a range of bogus ventures involving cryptocurrency, clubs, and the media.
For all the manifestations of lurid abuses, the outlines of the fraud sketched out by prosecutors have scarcely changed since “The Music Man”—there will always be flimflam men preying on the hopes of others—but a trial has the potential to unearth a far more interesting tale about Guo’s dealmaking in American politics, intelligence, and law enforcement.
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