Exiled businessman Guo Wengui files for bankruptcy in the United States, claiming $500 million in debt (10:50) – 20220217 – Instant Financial News

Last week, New York State Court Judge Barry Ostrager said the $500,000-a-day fine had accumulated to 268 days after Guo violated an earlier order to move the yacht, Lady May, out of the court’s jurisdiction. Ostrager asked Guo Wengui to pay within five working days. Guo Wengui, who is appealing Ostrager’s ruling, said in court documents that the yacht was not under his control.

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