Guo Wengui
Exiled Chinese businessman (also 'Miles Guo'/'Ho Wan Kwok') convicted in July 2024 of orchestrating a >$1B fraud against his online followers, including ~$262M via the Himalaya Exchange crypto project. Sentencing has been repeatedly adjourned.
Also known as: Miles Guo, Ho Wan Kwok, Miles Kwok
Bio
Ho Wan Kwok — widely known as Guo Wengui or "Miles Guo" — was an exiled Chinese businessman who built a U.S. media and online following (including ventures with Steve Bannon). The DOJ said he abused that following to solicit more than $1 billion across entities such as GTV Media, G|CLUBS, the Himalaya Farm Alliance, and the Himalaya Exchange, promising outsized returns while misappropriating funds. [1][2]
Legal outcome
Arrested in March 2023, Guo was convicted on July 16, 2024 of nine of twelve counts, including securities fraud, wire fraud, racketeering, and money laundering. A $1.3 billion forfeiture order was entered; his sentencing has been repeatedly adjourned. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
- United States v. Ho Wan Kwok (Miles Guo) — case page — U.S. DOJ (SDNY)
- Guo Wengui (overview) — Wikipedia
See also
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Dropil (DROP)TokensAn ICO for the DROP token built around a fake 'Dex' trading bot. The SEC said it raised ~$1.9M while claiming $54M from 34,000 investors, and that the founders falsified evidence during the probe. Founders Jeremy McAlpine and Zachary Matar pleaded guilty to securities fraud (36 and 30 months).
- CluCoin (CLU)Tokens
This page was last updated on Jun 8, 2026. View revision history.