Guo Wengui famed for bankrolling some of Steve Bannon’s best-known ventures, as well as Bannon's jet-setting lifestyle, is in deep trouble for steering a $28 million yacht—the same boat where federal agents arrested Bannon in 2020—out of American waters.
A New York judge slapped Guo Wengui, who also uses the aliases Kwok Ho Wan and Miles Guo, with $134 million in contempt of court fines on Wednesday for violating multiple restraining orders barring him from selling or relocating the boat or any other property he controls. The high price tag results from nearly a year of the fugitive Chinese national defying the court’s order that he return the craft to a U.S. port—an order that carried a daily forfeiture of $500,000.
Court documents filed in late January showed the 151-foot-long pleasure vessel blithely plying the western Mediterranean. Now, Guo has only until Monday to come up with the funds. His attorneys at BakerHostetler—a firm withThe punishing penalties result from a case unrelated to Bannon’s maritime arrest a year and a half ago for
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