- Former Philippine mayor has alleged ties to defunct crypto exchange AAX, which defrauded $30M in customer funds.
- Alice Guo’s business partners are linked to transnational organizations suspected of scams and illicit acts.
- There are speculations of her falsified citizenship as her fingerprints are identical to a Chinese national.
Alice Guo, a former Philippine mayor, is facing allegations of involvement with the defunct Atom Asset Exchange (AAX) and other potentially illicit activities. A report from Rappler connects Guo’s business partners in Bamban to transnational organizations suspected of operating scams.
This investigation comes as Guo faces an ongoing criminal trial for human trafficking and fraud. She is allegedly involved in illegal gambling, human trafficking , and potentially even Chinese espionage.
Mayor’s Illicit Crypto Ties
The defunct AAX crypto exchange, founded by Su Weiyi, is at the center of this scandal. AAX shut down in 2022 after accusations of misappropriating millions in customer funds, with reported losses reaching up to $30 million. Su Weiyi faces allegations of orchestrating the theft and has ties to other companies linked to convicted criminals.
Read also : Cybercriminals Exploit ChatGPT’s Name in New Ethereum Scam: MEV Bot Fraud Unveiled
Rappler also highlighted another fraudulent business connected to Guo: Sun Valley Clark Hub Corporation. Her business partner, Huang Zhiyang, has suspicious ties with the company, which is accused of running crypto scams using trafficked victims. The firm is also alleged to be operating a significant human trafficking ring. According to the report, Sun Valley Clark Hub Corporation shareholders have alleged ties to a vast network of illicit activities spanning Southeast Asia and Hong Kong.
Senator Questions Mayor’s Falsified Nationality
Guo’s suspected association with the failed crypto exchange and other allegedly fraudulent enterprises raises concerns about organized crime infiltrating the Philippines. The public is increasingly worried about the country’s vulnerability to illegal activities. There are also allegations that Guo has falsified citizenship, as her fingerprints match those of a Chinese national.
Senator Risa Hontiveros has raised concerns about Alice Guo’s true citizenship, questioning her involvement in illicit activities. The Senator is concerned that Guo might be a spy, a major money launderer, or a criminal.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
