Groups That Scammed Seniors Funded Event For Turning Point USA

When Trump fan club Turning Point USA hosted a four-day extravaganza last month featuring prominent extremists, it was partially funded by two groups the feds say bilked millions from elderly Republicans and anti-communist émigrés from China. Via the Daily Beast:

Turning Point USA’s America Fest, held at the Phoenix Convention Center from Dec. 16 to Dec. 19, was a who’s who of conservative TV and internet personalities, interspersed with a smattering of failed candidates and elected officials: Donald Trump Jr., Tucker Carlson, Kari Lake, Rep. Marjorie Taylor Greene (R-GA), Steve Bannon, Glenn Beck, Mike Lindell, ex-Rep. Tulsi Gabbard, Vivek Ramaswamy, Dr. Ben Carson, Rep. Matt Gaetz (R-FL), Sen. Ted Cruz (R-TX), and Trump lawyer Alina Habba all graced the stage. But a big chunk of the cash that produced the pre-holiday pow-wow came from two outfits that allegedly swindled the very voters and activists these figures purported to champion.

The event’s sole “Diamond Sponsor”—reflecting the highest level of support—was Fisher Capital, a precious metals dealer that regulators charged in April 2023 with tricking conservative senior citizens into liquidating their retirement accounts and using the cash to buy gold and silver coins at “grossly inflated prices,” with the enterprise falsely warning its victims that the Federal Reserve or Obama-era regulations would soon sever access to their savings. In the rank directly below Fisher Capital was the New Federal State of China, an organization co-founded by Bannon and indicted Chinese financier Guo Wengui.

Just weeks after America Fest wrapped, federal prosecutors identified this group, ostensibly a shadow government seeking to replace the current regime in Beijing, as part of Guo’s alleged criminal conspiracy to deceive his supporters in the Chinese dissident community into investing in a spurious cryptocurrency venture—one which the Justice Department claims in fact funded Guo’s lavish lifestyle.

Grift and crimes are, as usual. part of the package:

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