Chinese Billionaire Guo Says He’d Be Worse Off if He Fled US – Bloomberg

Chinese billionaire Guo Wengui, who was arrested in New York earlier this month on fraud charges, says he’d be worse off if he fled the US than if he stayed and faced trial.

Guo, also known as Ho Wan Kwok, asked to be released on a $25 million bond, arguing he’s not a flight risk. He noted that he hadn’t left the US since 2017, when he sought political asylum in the country. In fact, he argued that fleeing would endanger him more as it would expose him to the Chinese Communist Party that has long targeted him and his family.

“Mr. Kwok likely would face a fate far worse than incarceration in the United States should he attempt to flee,” Guo’s lawyers wrote in a letter Friday to the judge overseeing his case.

Source: Chinese Billionaire Guo Says He’d Be Worse Off if He Fled US – Bloomberg