It was on Guo’s yacht that Bannon, the former chief White House strategist for Donald Trump, was arrested in a criminal fraud case in 2020.

Guo Wengui, a Chinese billionaire and associate of Steve Bannon, was denied bail on Thursday after being charged in a $1 billion fraud case in March.

NBC News

Chinese Businessman Guo Wengui Appeals Bail Denial in Fraud Case

An exiled Chinese businessman charged by U.S. prosecutors with leading a more than US$1 billion fraud on Thursday appealed a judge’s order that he remain in jail pending trial, court records showed.

Guo Wengui, once a business associate of former U.S. President Donald Trump’s adviser Steve Bannon, was arrested in March.

The Standard