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United States v. Ho Wan Kwok, a/k/a “Miles Guo,” Kin Ming Je, a/k/a “William Je,” and Yanping Wang, a/k/a “Yvette”

Updates

April 8, 2025 Update:

During a conference on April 8, 2025, the Court:

(i) appointed attorneys John Kaley, Joshua Dratel, and Melinda Sarafa as substitute counsel to Miles Guo;

(ii) ordered that the defense and the Government file a letter by April 29, 2025 with a proposed schedule for Guo to inform the Government of his position with respect to forfeiture and defense counsel's compliance with the Court's March 26, 2025 order at ECF No. 512.

(iii) scheduled Guo’s sentencing for September 8, 2025, at 1:00 p.m. in Courtroom 15D of the United States Courthouse, 500 Pearl Street, New York, New York 10007; and 

(iv) ordered that the defendant’s sentencing submission is due August 18, 2025.  The Government’s sentencing submission is due September 1, 2025.

If you are a victim, and would like to send the Judge presiding over this case a victim impact statement, which describes how this crime impacted you and your family, your statement can be emailed to Valeen.Defendre@usdoj.gov.  The Court will consider any statements sent in connection with sentencing of defendant Miles Guo.

If you are a victim, and would like to speak at Miles Guo’s sentencing hearing, to describe to the Judge how Miles Guo’s crimes impacted you and your family please email Valeen.Defendre@usdoj.gov.

Tuesday, April 1, 2025 Update:

On April 1, 2025, the Court entered an order that states:  The Court shall hold a substitution-of-counsel hearing for Defendant Miles Guo on April 8, 2025, at 10:00 a.m. in Courtroom 15D of the United States Courthouse, 500 Pearl Street, New York, New York 10007.

Wednesday, March 26, 2025 Update:

On March 26, 2025, the Court entered an order in response to a Government letter.  The Court’s order states:

By March 28, 2025, counsel to Mr. Guo shall publicly file the ex parte and sealed materials related to substitution of counsel identified in the defense's March 10, 2025 letter.

By March 31, 2025, counsel for Mr. Guo shall publicly file the ex parte portions of the transcripts of the December 20, 2024 and March 3, 2025 conferences with proposed redactions. By the same date, defense counsel shall submit unredacted copies of the transcripts to chambers for ex parte, in camera review. The submission to chambers shall incorporate yellow highlighting indicating the material that defense counsel proposes to redact.

The Federal Defenders are unavailable to represent Mr. Guo. A substitution-of-counsel hearing shall be scheduled once the Court is prepared to appoint new counsel to represent Mr. Guo.

Monday, March 3, 2025, Update:

On March 3, 2025, Judge Torres held a conference concerning Miles Guo’s motion to change his counsel.  No decision was issued, and that motion remains pending. The defense must propose redactions, if any, to Guo's appointment of counsel submissions by March 10, 2025.

Wednesday, February 26, 2025, Update:

On February 26, 2025, Judge Torres issued an order scheduling a conference regarding Miles Guo’s case for March 3, 2025, at 1:00PM. The conference will be held in Courtroom 15D located at 500 Pearl St., New York, NY 10007.

On February 26, 2025, Judge Torres issued an order granting the Government’s request that, with respect to Yanping Wang’s case, victim compensation occur through remission as an alternative to restitution.  Information regarding the method that victims can apply for remission payments will be forthcoming.

Monday, January 6, 2025 Update:

On January 6, 2025, Judge Torres sentenced Yanping “Yvette” Wang to 120 months imprisonment followed by three years supervised release. Wang was also required to pay a special assessment of $200 and forfeit $1.4 billion representing proceeds of the crimes of conviction. 

Friday, December 20, 2024 Update:

Today, Judge Torres adjourned Miles Guo’s sentencing in order to resolve an issue relating to Guo’s retained counsel.  The Court has not rescheduled Guo’s sentencing yet.  Guo’s retained counsel is required to submit briefing to the Court on December 30, 2024.

Yanping Wang’s sentencing is going forward, as scheduled, on January 6, 2025 at 9:30 AM.  500 Pearl Street, Courtroom 15D.

Tuesday, December 10, 2024 Update:

The Court rescheduled Miles Guo and Yanping Wang’s sentencings.  The sentencings in this case are now scheduled as follows:

Miles Guo a/k/a Ho Wan Kwok and Yanping (Yvette) Wang sentencings: 1/6/2025 at 9:30am, Judge Torres, 500 Pearl Courtroom 15D 

Monday, November 25, 2024 Update:

The Court rescheduled Yanping Wang’s sentencing. The sentencings in this case are now scheduled as follows:

Miles Guo a/k/a Ho Wan Kwok sentencing:  1/6/2025 at 9:00am, Judge Torres, 500 Pearl Courtroom 15D 
Yanping (Yvette) Wang sentencing:  1/6/2025 at 12:30pm, Judge Torres, 500 Pearl Courtroom 15D 

Thursday, October 17, 2024 update:

Yanping (Yvette) Wang sentencing:  12/2/2024 at 9:00am, Judge Torres, 500 Pearl Courtroom 15D 
Miles Guo a/k/a Ho Wan Kwok sentencing:  1/6/2025 at 9:00am, Judge Torres, 500 Pearl Courtroom 15D

Tuesday, July 16, 2024 update:

Following trial, Miles Guo found guilty of various fraud and money laundering charges.  Additional details here: https://www.justice.gov/usao-sdny/pr/statement-us-attorney-damian-williams-conviction-miles-guo

Friday, May 3, 2024 update:

Yanping “Yvette” Wang plead guilty to wire fraud and money laundering conspiracy.  Additional details here: https://www.justice.gov/usao-sdny/pr/yvette-wang-pleads-guilty-over-1-billion-fraud-conspiracy

Thursday, April 18, 2024 update:

Jury trial against KWOK and WANG is now scheduled to begin on May 22, 2024 at 9:00 a.m. in courtroom 15D in the United States Courthouse located at 500 Pearl Street, New York, NY 10007.

Tuesday, March 5, 2024 update:

Jury trial against KWOK and WANG is now scheduled to begin on May 20, 2024 at 9:00 a.m. in courtroom 15D in the United States Courthouse located at 500 Pearl Street, New York, NY 10007.

Friday, July 7, 2023 update:

Jury trial against KWOK and WANG is scheduled to begin on April 8, 2024 at 9:00 a.m. in courtroom 15D in the United States Courthouse located at 500 Pearl Street, New York, NY 10007.

Monday, April 3, 2023 update:

A bail-related hearing is scheduled for WANG on Tuesday, April 4, 2023, at 2:00 p.m. in courtroom 18D at 500 Pearl Street.

Wednesday, March 29, 2023 update:

On March 29, 2023, a superseding indictment was filed, charging KWOK, JE, and YANPING WANG, a/k/a “Yvette” in connection with the alleged $1 billion fraud.  United States v. KWOK et al., S1 23 Cr. 118 (AT).  WANG, who had been charged by complaint with wire fraud, securities fraud, and money laundering charges, was arrested on March 15, 2023 in New York, NY.  WANG was ordered detained pending satisfaction of all conditions of bail. 

A bail-related hearing is currently scheduled for WANG on Friday, March 31, 2023 at 10:00 a.m.  That proceeding is scheduled to take place in courtroom 5A in the United States Courthouse located at 500 Pearl Street, New York, NY 10007. 

The initial pretrial conference for KWOK and WANG is scheduled for April 4, 2023 at 11:30 a.m. in courtroom 15D in the United States Courthouse located at 500 Pearl Street, New York, NY 10007.  KWOK’s bail hearing will also take place on April 4, 2023 at 11:30 a.m. in courtroom 15D at 500 Pearl Street.

Wednesday, March 22, 2023 update:

There is an initial pretrial conference for KWOK on April 4, 2023 at 11:30 a.m.  That proceeding will take place in courtroom 15D in the United States Courthouse located at 500 Pearl Street, New York, NY 10007.

Updates regarding the progress of this case will be posted on this site.

The United States Attorney’s Office for the Southern District of New York is committed to protecting the rights of crime victims. If you believe you are a victim of the offense charged, our Victim/Witness Unit can make sure that you are notified of important stages of the case to help you exercise your rights. In addition, our Victim/Witness Unit is available to answer questions you might have about this case and can refer you to available resources.

Wednesday, March 15, 2023 update:

On March 15, 2023, the United States Attorney’s Office announced the unsealing of an indictment charging HO WAN KWOK, a/k/a “Miles Guo,” and KIN MING JE, a/k/a “William Je,” with wire fraud, securities fraud, bank fraud, and money laundering charges in connection with an alleged complex scheme to solicit more than $1 billion of investments in various entities and programs through false statements and representations.  As charged, KWOK lied to his victims and promised them outsized returns if they invested in, or provided money to, KWOK-controlled entities, including GTV Media,  the Himalaya Farm Alliance, G|CLUBS, and the Himalaya Exchange.  KWOK and JE allegedly misappropriated hundreds of millions of dollars in fraudulently obtained funds, including for the purchase of a mansion and luxury vehicles.  KWOK was arrested on March 15, 2023 in New York, New York.  Je is currently at large.  The case is assigned to United States District Judge Analisa Torres.  Link to full press release and indictment: https://www.justice.gov/usao-sdny/pr/ho-wan-kwok-aka-miles-guo-arrested-orchestrating-over-1-billion-dollar-fraud-conspiracy

Also on March 15, 2023, a complaint charging YANPING WANG, a/k/a “Yvette,” with wire fraud, securities fraud, and money laundering charges was unsealed.  As charged, Wang was a co-conspirator of KWOK and JE.  See United States v. Wang, 23 Mag. 2007.  WANG was arrested on March 15, 2023 in New York, New York.

Federal crime victims have the following rights, as set forth in 18 U.S.C. § 3771:

  1. The right to be reasonably protected from the accused.
  2. The right to reasonable, accurate, and timely notice of any public court proceeding, or any parole proceeding, involving the crime or of any release or escape of the accused.
  3. The right not to be excluded from any such public court proceeding, unless the court, after receiving clear and convincing evidence, determines that testimony by the victim would be materially altered if the victim heard other testimony at that proceeding.
  4. The right to be reasonably heard at any public proceeding in the district court involving release, plea, sentencing, or any parole proceeding.
  5. The reasonable right to confer with the attorney for the Government in the case.
  6. The right to full and timely restitution as provided in law.
  7. The right to proceedings free from unreasonable delay.
  8. The right to be treated with fairness and with respect for the victim’s dignity and privacy.
  9. The right to be informed in a timely manner of any plea bargain or deferred prosecution agreement.
  10. The right to be informed of the rights under this section and the services described in section 503(c) of the Victims’ Rights and Restitution Act of 1990 (42 U.S.C. 10607(c)) and provided contact information for the Office of the Victims’ Rights Ombudsman of the Department of Justice.

For information and assistance, please contact:

SDNY Victim and Witness Coordinator
United States Attorney's Office
26 Federal Plaza, 37th Floor
New York, NY 10278
1-866-874-8900

USANYS.GuoVictims@usdoj.gov

Updated April 29, 2025