Guo Wengui, the former Chinese property developer who reinvented himself in the United States as a dissident voice against the Chinese Communist Party, was sentenced on 29 June 2026 to 30 years in federal prison by Judge Analisa Torres of the Southern District of New York. He was also ordered to forfeit $889 million.
Guo, who is also known as Miles Guo and Ho Wan Kwok, was convicted in July 2024 on nine of twelve criminal counts following a seven-week trial. The counts included securities fraud, wire fraud, racketeering, and money laundering. Prosecutors alleged that the scheme defrauded more than 1,000 victims worldwide of over $1 billion between approximately 2018 and 2023.
According to prosecutors, Guo exploited the online following he had built as a self-styled CCP whistleblower to solicit fraudulent investments across several vehicles: an unregistered securities offering through GTV Media that raised $452 million; membership programmes that collected $250 million; a cryptocurrency exchange called Himalaya Exchange through which $262 million was raised; and approximately $150 million in loans. Authorities said the proceeds funded a personal lifestyle that included a $37 million yacht, a $26 million New Jersey mansion, and two mattresses costing $36,000 each.
Prosecutor Ryan Finkel described Guo at sentencing as
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