Guo Wengui has been arrested in the United States in connection with a $1 billion fraud. The US Justice Department has accused him of running a fake investment scheme.
On February 15, 2022, Guo Wengui solemnly disclosed in the live broadcast: apply for bankruptcy. The reason is that Guo Wengui borrowed $30 million from the Pacific Alliance Asian Opportunities Fund in 2008, but never repaid the loan.
