Quote from: morvillz7z on March 16, 2023, 04:13:09 PM

I unironically remember looking into this one back in the day, when i was checking most newly posted projects for plagiarism and fraud related stuff....though it looked like a textbook scam with their stablecoin and exchange, i couldn't really prove anything even if i wanted to.

Today, someone mentioned the Himalaya Coin on my Twitter feed...Guo Wengui, the man behind the coin, appears to have been charged and arrested:

"Chinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam"

source: https://www.coindesk.com/policy/2023/03/15/chinese-businessman-with-ties-to-steve-bannon-arrested-charged-with-fraud-including-500m-crypto-scam/

Quote

Guo’s fourth alleged scheme – which the U.S. Securities and Exchange Commission (SEC) said in a separate civil complaint raised $500 million from retail investors – was an unrelated crypto venture called H-Coin, or Himalaya Coin. Beginning in October 2021, Guo founded and promoted H-Coin, telling his social media followers that the currency was 20% backed by gold and promising to cover “100% of investment losses attributable to H-Coin.”

Four months later, in February 2022, Guo filed for bankruptcy protection, claiming assets valued between $50,000 and $100,000 and liabilities of up to $500 million. Despite his claims of poverty, the Department of Justice (DOJ) announced Wednesday that it seized over $630 million of alleged fraud proceeds from 21 different bank accounts controlled by Guo between September 2022 and March 2023.

and the full Department of Justice press release:

https://www.justice.gov/usao-sdny/pr/ho-wan-kwok-aka-miles-guo-arrested-orchestrating-over-1-billion-dollar-fraud-conspiracy

There is the black hand, and there is CCP's interference and manipulation at the highest possible in DOJ. We don't know where is the black hand. And we don't know which exactly individuals are compromised by CCP. We only know for sure FBI, SEC, and DOJ have been penetrated.

A book for members of Congress - Unrestricted Lawfare Infiltration to the U.S. Justice System by the Chinese Communist Party(CCP)
https://gettr.com/post/p2e4qlyd05c

The judge asked the prosecution: you said in the indictment that HCoin is false, can not be cashed, and now you say that Yvette Wang has an Himalaya Exchange account, and a lot of Hcoins can be exchanged for a large sum of money. Which statement is true?

If Miles Guo can be the target of political persecution, then anyone can be put in federal prison simply for expressing dissenting views. We have already witnessed the Chinese Communist Party weaponize U.S. government agencies.
https://gettr.com/post/p2e4l754b8a