Ex-Philippine mayor linked to $30m AAX crypto scam and laundering ring
Disgraced former Philippine mayor Alice Guo has been linked to the defunct Atom Asset Exchange, which laundered and stole millions in customer cryptocurrency assets in 2022.
This connection comes as Guo faces trial for human trafficking and fraud, according to Rappler reporting. Investigations into her activities have revealed ties to illegal gambling, human trafficking, and potentially even Chinese espionage.
Guo made headlines earlier in March when her association with a financial slavery ring was exposed, per CNN and Rappler. The operation, located near her mayoral office in Bamban, housed nearly 1,000 workers, many of whom were trafficked and forced into illegal gambling and crypto scams.
Alice Guo’s crypto fraud
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