The media companies affiliated with Guo Wengui are paying $ 539m to settle the SEC case


Fraudulent economic developments

Three media companies affiliated with Guo Wengui, a Chinese businessman and a staunch opponent of the Chinese Communist Party in the US, will pay more than $ 539m to US security officials to crack down on allegations that they provide illegal documents to detectives. more than 5,000 dollars.

The U.S. Securities and Exchange Commission announced Monday of the government’s actions against GTV Media Group, Saraca Media Group and Voice of Guo Media for unlawfully violating GTV’s law, according to the official. GTV and Saraca are also accused of illegally providing digital security called G-Coins or G-Dollars.

“Thousands of advertisers bought shares of GTV, G-Coins, and G-Dollars at the request of the public,” said Richard Best, director of the SEC’s New York office.

The companies, which linked Guo to several US newspapers, failed to register all the contributions, earning about $ 487m in total, the SEC said. He agreed to pay more than $ 539m to settle the lawsuits without accepting or denying the findings of the auditors.

Guo flew from China to the US in 2014, where he was joined by a desperate foreigner and Chinese thief, including Steve Bannon, a former White House adviser to Donald Trump.

Steve Bannon helped set up GTV Media © AP

According to Bannon he was a director at GTV Media and was a senior and Guo at founding the company. Wall Street Journal.

Last year, the former counselor says imprisoned on the Guo boat on false charges unrelated to a Chinese businessman. He was later pardoned by Trump.

Guo was in the midst of a Chinese political game in 2017 when he publicly criticized the Chinese communist party via television, questioning the credibility of the anti-corruption operation in Beijing, led by Chinese vice president Wang Qishan instead of Xi Jinping.

GTV could not be immediately available for comment.



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