US Wednesday (March 15)Guo Wengui, a Chinese businessman in exile in the United States, said that Guo Wengui was suspected of leading a scam and cheated more than $ 1 billion (S $ 1.3 billion) to online followers.

According to Reuters, the procuratorial unit pointed out that Guo Wengui (52 years old) has been promised to repay thousands of followers by promising to repay the over -investment repayment since 2018.Most of the followers' funds are used to provide funds for Guo Wengui and his luxury life.

Guo Wengui was accused of using the follower's funds to purchase a $ 37 million yacht, a 50,000 square foot mansion in the northern part of New Jersey, and purchased a 3.5 million US dollars for his son to buy a $ 3.5 millionFerrari sports cars, a $ 620,000 TV, two mattresses worth 36,000 US dollars.

Federal prosecutor Damian Williams announced in a statement that Guo Wengui faced 11 criminal allegations, including securities fraud and electricity fraud.

Guo Wengui was arrested on Wednesday morning and did not plead guilty to these allegations.The judge ordered Guo Wengui to be detained and not to be released.He will control again on April 4.Guo Wengui's representative lawyer has not responded to Reuters' comment requests.

After Guo Wengui was arrested, a fire occurred on the 18th floor of a hotel in Manhattan, New York.Guo Wengui has a unit in that hotel.

A spokesman for the New York City Fire Bureau said that without receiving a report on casualties, officials were investigating and refused to say whether they were investigating whether the case was related to Guo Wengui.