Chinese Billionaire Guo Wengui Denied Bail in US Fraud Case (1)

Chinese billionaire Guo Wengui, the exiled businessman and vocal critic of Beijing with ties to former Donald Trump adviser Steve Bannon, was denied bail after being charged by the US with fraud last month.

US District Judge Analisa Torres on Thursday rejected Guo’s bid to remain free pending trial, saying that “no conditions or set of conditions” would ensure his return to court or the safety of the community.

Torres said Guo’s proposed bail package — which would have him released on a $25 million bond, $5 million of which would be secured by cash or real estate ...