🌎 Ex-Philippine Mayor Linked to Crypto Fraud and Human Trafficking

Disgraced former Philippine mayor Alice Guo has been linked to the defunct Atom Asset Exchange (AAX), which laundered and stole millions in customer cryptocurrency assets in 2022. This connection emerges as Guo faces trial for human trafficking and fraud.

Investigations into Guo’s activities have unveiled ties to illegal gambling, human trafficking, and potentially even Chinese espionage. Guo gained notoriety earlier in March when her association with a financial slavery ring was exposed. This 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

One of Guo’s business partners in the Baofu enterprise, Huang Zhiyang, was also connected to another fraudulent business, Sun Valley Clark Hub Corporation. This company operated crypto scam operations using trafficked victims and managed a significant human trafficking ring. Investigations revealed that Sun Valley’s shareholders were linked to a web of illegal activities stretching across Southeast Asia and Hong Kong.

The defunct AAX crypto exchange, founded by Su Weiyi, is central to the illicit activities surrounding Guo and her partners. AAX, which had over two million users, shut down after accusations of misappropriating millions in customer funds. Reports suggest the amount could be as high as $30 million. Su Weiyi, who co-owns other companies tied to convicted criminals, has been accused of orchestrating the theft of these funds, contributing to the evidence of a larger criminal network.

Legal Troubles and Allegations

Guo, along with her partners, faces charges of money laundering, human trafficking, and operating an illegal gambling ring. Her ties to AAX and the broader network of fraudulent enterprises have raised concerns about the infiltration of organized crime into the Philippines.

There are also rumors and allegations that she may have forged her Philippine citizenship, with investigators linking her fingerprints to a Chinese national. Senator Risa Hontiveros has publicly questioned whether Guo was a spy, a major launderer, or an enabler of criminal operations.