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- Former Philippine mayor has alleged ties to defunct crypto alternate AAX, which defrauded $30M in buyer funds.
- Alice Guo’s enterprise companions are linked to transnational organizations suspected of scams and illicit acts.
- There are speculations of her falsified citizenship as her fingerprints are an identical to a Chinese language nationwide.
Alice Guo, a former Philippine mayor, is dealing with allegations of involvement with the defunct Atom Asset Alternate (AAX) and different doubtlessly illicit actions. A report from Rappler connects Guo’s enterprise companions in Bamban to transnational organizations suspected of working scams.
This investigation comes as Guo faces an ongoing prison trial for human trafficking and fraud. She is allegedly concerned in unlawful playing, human trafficking, and doubtlessly even Chinese language espionage.
Mayor’s Illicit Crypto Ties
The defunct AAX crypto alternate, based by Su Weiyi, is on the heart of this scandal. AAX shut down in 2022 after accusations of misappropriating thousands and thousands in buyer funds, with reported losses reaching as much as $30 million. Su Weiyi faces allegations of orchestrating the theft and has ties to different firms linked to convicted criminals.
Learn additionally : Cybercriminals Exploit ChatGPT’s Identify in New Ethereum Rip-off: MEV Bot Fraud Unveiled
Rappler additionally highlighted one other fraudulent enterprise related to Guo: Solar Valley Clark Hub Company. Her enterprise associate, Huang Zhiyang, has suspicious ties with the corporate, which is accused of operating crypto scams utilizing trafficked victims. The agency can also be alleged to be working a big human trafficking ring. In accordance with the report, Solar Valley Clark Hub Company shareholders have alleged ties to an unlimited community of illicit actions spanning Southeast Asia and Hong Kong.
Senator Questions Mayor’s Falsified Nationality
Guo’s suspected affiliation with the failed crypto alternate and different allegedly fraudulent enterprises raises issues about organized crime infiltrating the Philippines. The general public is more and more anxious in regards to the nation’s vulnerability to unlawful actions. There are additionally allegations that Guo has falsified citizenship, as her fingerprints match these of a Chinese language nationwide.
Senator Risa Hontiveros has raised issues about Alice Guo’s true citizenship, questioning her involvement in illicit actions. The Senator is worried that Guo is likely to be a spy, a significant cash launderer, or a prison.
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