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
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
Evolved Apes (NFT)ProjectsAn NFT collection launched on OpenSea in September 2021 that promised a fighting game. About a week later its anonymous developer 'Evil Ape' vanished with 798 ETH (~$2.7M). In June 2024 U.S. prosecutors charged three U.K. nationals over the scheme.
This page was last updated on Jun 15, 2026. View revision history.