Guo Wengui, a Chinese billionaire and associate of Steve Bannon, was denied bail on Thursday after being charged in a $1 billion fraud case in March.
U.S. District Judge Analisa Torres rejected Guo’s proposed bail package, saying he must remain behind bars pending trial because there is “no condition or set of conditions” that would ensure his return to court or the safety of the community, according to the court order.
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