(Note: This is a sponsored article from NewNoah. Opinions expressed are those of the author and not necessarily those of Gateway Pundit)
by Matthew Palumbo
Can there be a victimless crime? This is what anyone who has read the recent indictment of the founder of the new federal state of China, Miles Guo, must be wondering.
In light of what New York Southern District Attorney Damian Williams describes as Guo’s billion-dollar fraudster, you’d think it wouldn’t be hard to find countless victims of the alleged scheme. . But for Williams, it was apparently an impossible task!
williams claimed that “between April 20, 2020 and June 2, 2020, Kwok [Guo] and his co-conspirators sold approximately $452 million worth of stock to more than 5,500 investors” in his media company GTV. Yet, of those more than 5,500 investors, Williams does not name any specifically as victims and provides no evidence that they consider themselves as such. Not a single alleged victim is cited by Williams – because there are none to cite.
In fact, at a rally in support of Guo’s release on March 18, GTV investors said they did not see themselves as Guo’s victims. “We are not victims of Miles Guo or GTV. We are the victims of the SEC, the DOJ, the federal government agency of the United States who are infiltrated by the CCP,” said one. investor told a crowd. Thus, Williams is in a position where he claims people have been defrauded – and yet those same people see themselves as victims of Williams himself.
Attorney Williams makes allegations that are not only false, but ridiculously false. Williams accuses Guo in the letter of knowingly misrepresenting the value of his company GTV News as being worth $2 billion when he “knew the valuation was wrong.” But the figure of “2 billion dollars” was not a fiction, it came from a third-party valuation report by Alvarez & Marsala world
professional services firm that provides management consulting services, including private business valuation services. In fact, their report, which was reviewed by the author, put GTV’s valuation at $2.6 billion, or 30% more than what Guo said. In their financial analysis, Alvarez & Marsal use projected growth rates which are, in my opinion, well below what one would expect from a company in GTV’s industry, which again means that their estimates underestimate probably estimate its true value.
Williams’ bias is most present in his request to deny Guo bail. This same Williams announced the charges against Disgraced FTX Cryptocurrency Exchange Founder Sam Bankman-Fried, who was allowed to be bailed out with anonymous co-signers – so what’s different in Guo’s case? The size of the alleged fraud at Guo is only a fraction of what Bankman-Fried is accused of. Additionally, Williams argues that Guo poses a threat to these three so-called “victims,” who were exposed as CCP agents spreading misinformation from the CCP.
It appears that Attorney Williams has a clear bias against Guo, as demonstrated by his tendency to play fast and loose with the facts and to treat Sam Bankman-Fried more favorably despite far worse, well-substantiated alleged crimes. Williams’ bias is likely to negatively impact the legal process in his case. In fact, during Guo’s impeachment hearing, presiding Judge Katherine Parker, in a rarity, referenced Brady’s landmark case against Maryland and ordered prosecutors to release any exculpatory evidence regarding Guo. The DOJ denying this kind of evidence to various figures they targeted, such as Michael Flynn and those involved in Jan. 6, became well known and damaged their credibility. Unsurprisingly, in this case, New York prosecutors admitted to having worked a lot with China.
And speaking of China, in a three lines article on Guo’s arrest in the Wall Street Journal, the authors seemingly unwittingly make a damning admission, that “Mr. Guo’s lawsuit, if successful, could assuage an irritant in US-China relations. They might as well have come out and admitted that this is all politically motivated. Otherwise, how could a single arrested individual facilitate China-US relations? And if that’s what’s at stake, how can anyone not do you think his arrest is politically motivated to achieve this goal?
Given these concerns, it is essential that we seek the release on bail of Miles Guo so that he can benefit from a fair and impartial trial. It is crucial that the justice system operates with integrity and impartiality, and we must take steps to ensure that all defendants receive equal treatment before the law.
About the Author: Matt Palumbo is the author of The Man Behind the Curtain: Inside the Secret Network of George Soros (2021), Dumb and Dumber: How Cuomo and de Blasio Ruined New York (2020), Debunk This! : Shattering Liberal Lies (2019) and Spygate (2018).