Tuesday, 30 June 2026

Exiled Chinese tycoon Miles Guo, who promoted himself as a crusader against the communist government in Beijing, was ordered to spend 30 years in a US prison for duping investors out of $1 billion

 https://x.com/RnaudBertrand/status/2071767718253199382

Arnaud Bertrand
The irony in this story is overwhelming. The guy fled China in 2014 because he faced prison for fraud and corruption. No-one believed China, despite them issuing an Interpol Red Notice for his arrest. Western media and US officials universally presented him as a brave dissident unfairly harassed by the "CCP" in a "politically motivated" way (bbc.com/news/world-asi) because he was fighting corruption (see this VOA story for instance: voanews.com/a/prominent-co), a complete inversion of reality. Steve Bannon even started a nonprofit with him called the "Rule of Law Society." The irony writes itself. Long story short and true to form, Miles Guo used his "dissident" credibility in the US to - guess what - defraud Americans of $1 billion. And here we are, 12 years afterwards, with US courts essentially concluding "yeah no, he is actually a crook, our bad." Which makes it probably the most expensive fact-check in history: $1 billion of damage to verify what an Interpol Red Notice said a decade ago. I know I'll sound like a broken record but this is yet another fantastic illustration that the kneejerk anti-China bias in Western media is actively harmful. When China says "careful, that guy is a dangerous crook" maybe, just maybe, it's worth checking before branding him with a heroic "dissident" narrative that he can then use to rob your people's life savings... Just a thought 🤷
Quote
Bloomberg
@business
Exiled Chinese tycoon Miles Guo, who promoted himself as a crusader against the communist government in Beijing, was ordered to spend 30 years in a US prison for duping investors out of $1 billion bloomberg.com/news/articles/

https://x.com/RnaudBertrand/status/2071767718253199382

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