Washington (CNN) Longtime Donald Trump associate Roger Stone settled a defamation lawsuit on Monday, admitting and apologizing for making false statements about a Chinese businessman on the right-wing conspiracy website Infowars.

Stone reached a settlement with exiled Chinese businessman Guo Wengui, who is seeking asylum in the US. Guo, who also goes by the name Miles Kwok, fled China after using social media to make allegations of corruption against China's political elite.

The settlement, earlier reported by The Wall Street Journal, was reached in the US District Court for the Southern District of Florida.

Guo filed a defamation lawsuit against Stone in March, arguing that Stone had made false statements about him from around September 2017 to January 2018. Stone falsely claimed that Guo was found guilty and convicted of financial crimes in the US, violated election law by making political donations to Hillary Clinton, and bankrolled a presidential run by former White House adviser Steve Bannon.

In the settlement, Stone apologized and retracted his comments about Guo.

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