Exiled Chinese billionaire Guo Wengui, an associate of former Trump White House advisor Steve Bannon, was arrested by federal authorities in New York Wednesday morning, accused of orchestrating a $1 billion fraud scheme, prosecutors announced.

Guo, charged in court papers as Ho Wan Kwok and who also goes by Miles Guo and Miles Kwok, was charged with 12 counts including wire fraud, securities fraud, bank fraud and money laundering in an indictment unsealed Wednesday, the U.S. Attorney’s Office for the Southern District of New York said in a news release.

The same day the news of his arrest came to light, Guo’s Manhattan apartment in the Sherry-Netherland Hotel on Fifth Avenue was found on fire, a source familiar with the matter said. An FBI spokesperson said agents were executing law enforcement activity at Guo’s apartment when the blaze broke out, after he was already in custody.