Overview

• Guo Wengui, also known as Miles Guo, is accused of scamming followers after Chinese authorities seized his assets.
• Prosecutors allege Guo used fraudulent investments to buy luxury items including mansions, yachts, and expensive mattresses.
• Defense attorney argues Guo's actions were protective measures against Chinese government interference and not criminal.
• Guo has been jailed since March 2023 and faces multiple charges including fraud, racketeering, and money laundering.
• The trial, expected to last until July, will include testimonies from individuals who claim to have lost life savings to Guo's schemes.