Documents on the seizure of Guo’s assets show that all the money is accounted for. And if all the money is there – how was there a fraud? While Guo has undoubtedly lived a luxurious life, this further proves that’s owed to his successful business career.
The SDNY alleges a fraud of $1.14 billion – and more than that amount, $1.17 billion in cash, has been seized from Guo. It is also important to note here that the Government is intent on forfeiting all of the $1.17 billion – taking it by brute force from citizens – instead of giving it back to investors. The reason New York prosecutors want his money is simple – so they can use it to fund their own office and further their corrupt witch hunts.
This raises the obvious question of how the money could’ve been embezzled when it’s all accounted for. It goes without saying that the reason a fraudster would fraudulently raise money would be to spend it – and while prosecutors have pointed to Guo’s lifestyle, which includes ownership of numerous luxury properties and cars, as supposed evidence of this happening – but we now know that can’t possibly be the case. Prosecutors allege, for example, that the aforementioned Mahwah home was purchased with stolen funds – but you’d expect a cash deficit of at least $26 million if that were the case.
The prosecution is similarly sloppy in other allegations, such as claiming that a boat purchased by Guo’s daughter in 2014 called The Lady May was purchased with stolen funds – for a fraud that the prosecutors themselves didn’t allege begin until 2018! The same is the case of Guo’s Sherry-Netherland Penthouse, which was purchased in 2015, before the alleged fraud.