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Authorities Seize $2.7M From Gettr Platform

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Federal authorities seized close to $3 million from the social media platform Gettr popular with conservatives, during a billion-dollar fraud investigation into one of its original investors, The Verge reports(Opens in a new window).

The Justice Department arrested the Chinese billionaire investor Guo Wengui, on Wednesday for allegedly defrauding people out of more than $1 billion.

The exiled dissident who lives in Manhattan is also known as Ho Wan Kwok and Miles Guo. In the DOJ’s indictment, Guo is accused of manipulating his nearly 900,000 followers on Gettr into investing millions into cryptocurrency and anti-Chinese Communist Party “media scams,” The Verge reports.

Guo pleaded not guilty in a Manhattan federal court on the same day as his arrest. He was ordered to be detained without bail.

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