Scandal involving Mayor Alice Guo – connections to cryptocurrency market and human trafficking

Alice Guo – Mayor from the Philippines Accused of Ties to Cryptocurrency Exchange Atom Asset Exchange

Mayor Alice Guo from the Philippines has found herself at the center of a scandal, being linked to the now-defunct cryptocurrency exchange, Atom Asset Exchange. In 2022, information leaked regarding money laundering and the theft of millions of customers’ cryptocurrency assets, prompting law enforcement to launch an investigation into her activities.

Accusations and Investigation

The investigation revealed that Alice Guo is suspected of human trafficking and fraud. Involvement in illegal gambling, human trafficking, and potential Chinese espionage are the main charges weighing against the former mayor.

“Scandalous Connections”

As a key figure linked to the “financial slavery ring,” Guo is alleged to have exploited nearly a thousand employees. Many of them fell victim to human trafficking, being coerced into illegal gambling and cryptocurrency scams.

Business Partners and Allegations

One of Alice Guo’s partners, Huang Zhiyang from Baofu company, was also associated with the fraudulent firm Sun Valley Clark Hub Corporation, operating in the cryptocurrency sector. The AAX exchange founded by Su Weiyi played a significant role in illicit activities carried out by Guo and her associates, defrauding clients’ funds amounting to as much as 30 million dollars.

Defense and Accusations

Alice Guo and her partners are refuting accusations of money laundering, human trafficking, and running an illegal casino. Speculations have also arisen suggesting that Guo may have falsified her Filipino citizenship, with her fingerprints being linked to a Chinese national.

Social Reactions and Further Developments

Senator Risa Hontiveros publicly voiced doubts about Alice Guo’s role – whether she is a spy, a key money launderer, or an accomplice to criminal activities. The case is still unfolding, with Guo maintaining her innocence and denying all allegations.

The entire issue surrounding Mayor Alice Guo has shaken the Filipino political and business landscape, becoming a hot topic of discussion in the public sphere. Organizations combating financial crime and human trafficking are diligently working towards uncovering all circumstances and bringing the guilty parties to justice.