Chinese Tycoon Guo Is Arrested by US in Alleged $1 Billion Fraud

Chinese billionaire Guo Wengui, the exiled businessman and vocal critic of Beijing with ties to former Donald Trump adviser Steve Bannon, was charged with fraud after the US seized $634 million linked to his alleged crimes.

Arrested Wednesday at 6:24 a.m. by FBI agents at his luxury apartment in Manhattan’s Sherry-Netherland hotel, Guo was later brought before a judge over the alleged billion-dollar fraud.

But first, in a strange turn of events, a two-alarm fire broke out on the hotel’s 18th floor, where Guo — also known as Miles Kwok — lives. The New York Fire Department ...