Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud
CoinDesk 2026-06-30 16:31:46
Context: Miles Guo, a Chinese exile with ties to former Trump strategist Steve Bannon, has been sentenced to 30 years in prison for his role in a $1 billion fraud scheme. Guo was convicted in 2024 and was finally sentenced after a lengthy legal process. His fraudulent project, known as H-Coin, was promoted to unsuspecting investors.
Key Facts
- Miles Guo, also known as Guo Wengui, was sentenced to 30 years in prison for his involvement in a massive $1 billion fraud scheme related to the promotion of the H-Coin project.
- Guo had close ties to Steve Bannon, a former strategist for Donald Trump, and was a key figure in promoting the H-Coin project to potential investors.
- Guo was convicted of fraud in 2024 and received the 30-year sentence after a lengthy legal process, bringing closure to a complex and high-profile case.