- A former Philippine mayor has claimed ties to defunct cryptocurrency alternate AAX, which defrauded prospects of $30 million in funds.
- Alice Guo's enterprise associate Related to multinational organizations suspected of fraud or unlawful actions.
- There’s hypothesis that her nationality could have been solid as her fingerprints are an identical to Chinese language.
Former Philippine mayor Alice Guo is going through allegations of involvement within the defunct Atom Asset Trade (AAX) and different attainable unlawful actions. Rappler's report hyperlinks Guo's enterprise companions in Bangbang to multinational organizations suspected of committing fraud.
The investigation comes as Guo faces an ongoing prison trial on prices of human trafficking and fraud. She has been implicated in unlawful playing, human trafficking, and even Chinese language espionage.
The Mayor's Unlawful Cryptocurrency Connection
The defunct AAX cryptocurrency alternate, based by Weiyi Su, is on the heart of the scandal. AAX will shut down in 2022 after being accused of misappropriating thousands and thousands of {dollars} in buyer funds, with losses reportedly reaching as much as $30 million. Su Weiyi faces prices of orchestrating the theft and has ties to different corporations related to convicted criminals.
Additionally learn: Cybercriminals exploit ChatGPT title in new Ethereum rip-off: MEV bot rip-off revealed
Mr. Rappler additionally highlighted one other fraudulent enterprise linked to Mr. Guo, Solar Valley Clark Hub Company. Her enterprise associate, Huang Zhiyang, has questionable ties to the corporate, which is accused of utilizing human trafficking victims to run cryptocurrency scams. The corporate can be mentioned to be operating a large-scale human trafficking ring. In keeping with the report, shareholders of Solar Valley Clark Hub Company allege ties to an unlimited community of unlawful actions spanning Southeast Asia and Hong Kong.
Senator questions mayor's lie about nationality
Mr. Guo is suspected of getting ties to a failed cryptocurrency alternate and different allegedly fraudulent corporations, elevating issues that organized crime is infiltrating the Philippines. The general public is more and more involved concerning the nation's vulnerability to criminality. Since Mr. Guo's fingerprints match these of a Chinese language individual, there are suspicions that he could have lied about his nationality.
Sen. Lisa Hontiveros has expressed concern about Alice Guo's true citizenship and questioned her involvement in unlawful actions. Senators are involved that Guo might be a spy, large-scale cash launderer or prison.
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