Judge Orders Bannon’s Sugar Daddy to Cough Up $134 Million Over Notorious Yacht

The financier famed for bankrolling some of Steve Bannon’s best-known ventures, as well as the far-right strategist’s jet-setting lifestyle, is in deep trouble for steering a $28 million yacht—the same boat where federal agents arrested Bannon in 2020—out of American waters.

Guo, a Shandong-born construction magnate, absconded from the Chinese mainland in 2014, fleeing charges ranging from corruption and money-laundering to rape (all of which he has denied). Since 2017, he has lived in luxury, setting up residence in a $68 million Central Park penthouse and underwriting numerous right-wing projects, from nonprofits with Bannon to dodgy media operations to bogus COVID-19 studies to would-be Twitter competitor GETTR. All the while, he has sought refugee status and attacked figures in both the Communist Chinese regime and in the dissident diaspora online.

The yacht imbroglio is hardly the first time Guo’s activities have run afoul of U.S. authorities. In September 2021, his companies agreed to pay half-a-billion dollars in Security and Exchange Commission fines for running a cryptocurrency scheme in violation of federal regulations.

Yahoo Judge Orders Bannon’s Sugar Daddy to Cough Up $134 Million Over Notorious Yacht