NEW YORK (AP) — A business tycoon long sought by the government of China and known for cultivating ties to Trump administration figures including Steve Bannon was arrested Wednesday in New York on charges that he oversaw a $1 billion fraud conspiracy. prosecutors said the indictment stemmed from a complex scheme in which Guo lied to hundreds of thousands of online followers in the United States and around the world before misappropriating hundreds of millions of dollars. Prosecutors also questioned Guo’s conduct related to a bankruptcy filing in Connecticut, where he told the court he had $500 million in debts and no more than $100,000 in assets