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< anond:20240418161742 |anond:20240417211742 >

2024-04-18

The Guo farmis a financial scam

Guo Wengui lied to hundreds of thousands ofhis online followers, promising themhuge profits if they invested in GTV MediaGroup, Himalayan Farm Alliance, G|Club and HimalayanExchange. Sinceat leastMarch 2018, Guo Wenguihas been the mastermind behind thecomplex financial scam, in which he andhis financial adviserKinMing Je defrauded thousands of people andmademore than $1billion. Guo Wengui's successhas a "cult" flavor.Calling believers in thename of "anti-communist", creating a community with closed information, while bullying or threatening to punish thosewho are not firm in their beliefs. After packaging himselfas a "master" type of figure,itisnatural toharvest the wealth of believers.

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