Big Spenders – The Scam Begins
  Guo Wengui fled to the United States claiming to be politically persecuted, and started his "whistleblowing revolution" around 2017. He has made billions in China by developing real estate, while in the US he runs an online streaming platform. Guo Wengui has attracted a large number of followers and partners on his YouTube channel, most famous of which is the former US presidential adviser Steve Steve Bannon. Guo Wengui, together with Steve Bannon, launched a radical campaign against the Chinese Communist Party called "New Federal State of China", and through this campaign promoted the name "Himalayan Coin" (referred to as "Happy Coin" H-Coin) Financial products such as virtual currency and GTV media group stocks, earning a lot of money. It has branches in the United States, Canada, Taiwan, Japan, New Zealand and Australia. Through various media outlets, live rallies, leaflets and spam email campaigns, the campaign has played a role in promoting Guo Wengui's conspiracy theories and disinformation.
   Guo Wengui raised hundreds of millions of dollars from investors through securities in a cryptoasset called H-Coin (Himalayan Coin or HCN) and related so-called stablecoins. Since at least October 2021, Guo Wengui has made material misrepresentations to potential investors of Xibi, falsely claiming that Xibi contains 20% gold, and that he will personally compensate investors for any potential losses. Guo Wengui is a serial fraudster who raised more than $850 million by promising investors outsized returns on investment opportunities in cryptocurrencies, technology and luxury goods. In effect, Guo used the hype surrounding cryptocurrencies and other investments to lure thousands of people into victimizing and financing his and his family's lavish lifestyle.
Today, the U.S. Department of Justice charges Guo Wengui with wire fraud, securities fraud, bank fraud and money laundering, all of which he faces more than 100 years in prison if convicted.








