{"id":281747,"date":"2026-06-29T23:25:10","date_gmt":"2026-06-29T23:25:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/281747\/"},"modified":"2026-06-29T23:25:10","modified_gmt":"2026-06-29T23:25:10","slug":"chinese-nyc-scammer-miles-guo-learns-fate-for-stunning-1-3b-fraud","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/281747\/","title":{"rendered":"Chinese NYC scammer Miles Guo learns fate for ‘stunning’ $1.3B fraud"},"content":{"rendered":"

A slick Chinese fraudster\u2019s \u201cstunning\u201d $1.3 billion scam to fund his lavish Big Apple lifestyle landed him 30 years in prison <\/a>Monday \u2014 but that didn\u2019t stop hundreds of his fans from still flocking to court.<\/p>\n

Miles Guo, 57, would peddle an anti-communist China schtick to woo sympathetic investors to invest in his schemes \u2014 which bought him goodies such as a $37 million yacht, $26 million New Jersey mansion, a luxe apartment overlooking Central Park and bizarre splurges including two $36,000 mattresses, authorities said.<\/p>\n

\u201cMr Guo intended to deceive his victims and take their money for his own financial gain,\u201d Manhattan federal Judge Analisa Torres said at the convicted grifter\u2019s sentencing.<\/p>\n

\"MilesConvicted scammer Miles Guo lived large in a luxe apartment overlooking Central Park before his arrest on fraud charges. Helayne Seidman<\/p>\n

Guo was ordered to forfeit a whopping $889 million of his ill-gotten gains as well as spend three decades behind bars.<\/p>\n

The fraudster meanwhile maintained his loyal following throughout, with more than 250 of his supporters packed the courtroom and two overflow rooms at the courthouse to hear his fate.<\/p>\n

But more than 600 of his victims also wrote to the court in advance of his sentencing to describe how the scammer lured them into making \u201cinvestments\u201d that vanished.<\/p>\n

\u201cThis fraud destroyed my life and my family,\u201d victim Wei Chen said at Monday\u2019s hearing.<\/p>\n

Chen testified at Guo\u2019s July 2024 trial that she is around $1 million in debt because of Guo luring her into investing in various sham media and cryptocurrency ventures.<\/p>\n

Torres slammed the \u201cstunning breadth of Mr. Guo\u2019s fraudulent schemes\u201d before announcing his sentence.<\/p>\n

Guo has shown \u201cno remorse for the harm he has caused for so many people,\u201d the judge added.<\/p>\n

\"IllustrationA jury found Guo guilty of racketeering and various fraud charges at a July 2024 trial. REUTERS<\/p>\n

A federal jury convicted Guo of racketeering conspiracy, fraud raps and money laundering after the feds charged him with bilking thousands of supporters over a five-year span.<\/p>\n

Guo had amassed a large online following after starting two nonprofits in 2018 that pushed his purported agenda of being critical of the Chinese Communist Party, prosecutors said.<\/p>\n

But \u201cMiles Guo did not lead a movement \u2026 he led a criminal enterprise, strengthened through violence, through threats, through fear,\u201d prosecutor Ryan Finkel told the court Monday.<\/p>\n

Guo also boasted political connections, including a friendship with former White House adviser Steve Bannon<\/a>. Trump administration insiders told The Post last year that they feared Guo would use his connections to secure a pardon<\/a>, but no such pardon has surfaced, at least to date.<\/p>\n

Wearing a tan jail outfit and gesticulating wildly, Guo addressed the court with a rambling statement Monday afternoon after his sentencing was delayed for hours. The delay was caused by Guo claiming that he had suffered an illness, Finkel said in court.<\/p>\n

Standing at the defense table, the convict claimed that he had \u201cfainted\u201d at the Metropolitan Detention Center early in the morning and saw a doctor after vomiting blood, before a \u201cmysterious woman\u201d arrived and transported him to the Manhattan courthouse.<\/p>\n

Guo did not directly address the fraud charges he was convicted of in his speech and told the judge that he would appeal the jury\u2019s verdict.<\/p>\n

The convicted scammer\u2019s fans had packed the courtroom to the gills in a show of support.<\/p>\n

\u201cWe are all supporters here,\u201d said 40-year-old Shawy Miles, who said he \u201cescaped\u201d from China in 2023 and moved to the Big Apple, where he delivers packages for Amazon.<\/p>\n

\u201cIn China there are millions and millions who support Guo,\u201d Miles told The Post. \u201cHe wanted to take down the Communist Party, that is why he is here. He is being set up. All the evidence was false. It\u2019s set up, it\u2019s a trap by the CCP!\u201d<\/p>\n

College professor Shu Pingfeng, 63, said he traveled all the way from Marseille, France, to support Guo.<\/p>\n

\u201cMiles is a hero! He is our hero. Our leader. He is trying to get freedom and democracy and rule of law for Chinese people in China,\u201d he told The Post.<\/p>\n

One supporter, after falsely telling Torres she was a \u201cvictim\u201d of Guo, was briefly able to address the court \u2014 declaring that \u201cWe are here to witness America\u2019s funeral\u201d \u2014 before Torres cut her off.<\/p>\n

\u201cYou are making a political statement unrelated to his various political conduct,\u201d the judge said.<\/p>\n

As she was escorted out of the courtroom Monday, shouts and a smattering of applause could be heard from spectators.<\/p>\n","protected":false},"excerpt":{"rendered":"A slick Chinese fraudster\u2019s \u201cstunning\u201d $1.3 billion scam to fund his lavish Big Apple lifestyle landed him 30…\n","protected":false},"author":2,"featured_media":281748,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[827,91231,396,277,57,9,56,63,65,64,58],"class_list":["post-281747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-china","tag-dissidents","tag-fraud","tag-manhattan-federal-court","tag-metro","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-us-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/281747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=281747"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/281747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/281748"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=281747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=281747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=281747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}