Guo Wengui, Chinese billionaire and Steve Bannon associate, to go to trial in 2024

The exiled Chinese billionaire Guo Wengui, who was charged by U.S. prosecutors in a $1 billion fraud conspiracy, will go to trial in April.

U.S. District Judge Analisa Torres set the trial date at a hearing Tuesday in New York City. She also granted Guo’s request for access to a government-provided computer to review evidence.

Federal authorities arrested Guo in March on that he defrauded thousands of online followers out of over $1 billion. He promised his followers "outsized financial returns" but instead used the money to fund his lavish lifestyle, according to prosecutors, who said the scheme took place from 2018 until March.

Prosecutors said the U.S. government seized $634 million in alleged fraud proceeds from 21 bank accounts. Law enforcement seized assets purchased with the profits of the alleged fraud, including a Lamborghini Aventador SVJ Roads, prosecutors said.

Guo, 52, has lived in the U.S. since around 2015 and has amassed a “substantial online following,” prosecutors said. #guowengui