Exiled Chinese businessman Guo Wengui, also known as Miles Guo, has been convicted of defrauding his supporters through a multibillion-dollar scam through his company GTV Media Group. A jury unanimously found Miles Guo guilty on charges of racketeering conspiracy, securities fraud, wire fraud, and money laundering, and he faces decades in prison. In addition to the criminal trial, the SEC also accused Guo of masterminding a cryptocurrency project called H-Coin that raised $500 million, which he falsely claimed was 20% backed by gold. Notably, Guo has long been associated with political strategist Steve Bannon, who briefly served in the Trump White House. (CoinDesk)