00:00 Steve Bannon sidekick Guo Wengi denied bail in U.S. fraud case.
00:05 An appeals court judge in Manhattan shot down a bail request from Chinese businessman and
00:10 Steve Bannon sidekick Guo Wengi.
00:13 Prosecutors have charged Guo with defrauding investors in several of his business ventures,
00:19 allegedly promising impossible returns before using some of their money to purchase a mansion,
00:24 a $37 million yacht, a Ferrari, and other luxury items.
00:29 On Wednesday, a judge in the case upheld a trial court's decision to reject a proposed
00:34 $25 million bail package for Guo, Reuters reported.
00:39 Guo and Bannon were close friends, with Bannon attending parties hosted by Guo's non-profits.
00:46 The Republican operative even at one point recruited Guo and his followers to attack
00:51 Hunter Biden online.
00:53 Bannon was on a yacht belonging to Guo when he was arrested for an unrelated scheme related
00:58 to his.
00:59 We Build the Wall fundraising campaign.
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