Chinese billionaire Gua Wengui, also known as Miles Kwok, was arrested by the FBI in New York on charges related to a $1 billion fraud scheme. Hours after his arrest, a fire broke out in his $32 million Sherry-Netherland penthouse while federal agents were still on the premises. Gua is a known associate of Steve Bannon and is accused of misappropriating funds to purchase luxury assets, including a yacht and a Ferrari.
