Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud
CoinDesk·
60-second summary
Miles Guo, a Chinese exile linked to Trump strategist Steve Bannon, receives a 30-year sentence for his role in a $1 billion H-Coin fraud scheme. Guo's conviction in 2024 has finally led to this sentence. The high-profile case highlights concerns over cryptocurrency scams and their potential to deceive investors, underscoring the need for stricter regulations in the industry.
The businessman known as Miles Guo, who pushed the fraudulent H-Coin project and had close ties to Steve Bannon, was finally sentenced after his 2024 conviction.