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Gtv Media Group

All articles tagged with #gtv media group

world15 days ago•6 min saved

Exiled Chinese billionaire Guo Wengui sentenced to 30 years in U.S. prison for fraud

Self-exiled Chinese billionaire Guo Wengui was sentenced in Manhattan to 30 years in prison after being convicted on nine of 12 counts for a multibillion-dollar fraud that duped investors across the world. Prosecutors said the scheme funded a lavish lifestyle, with victims losing hundreds of millions and Guo ordered to forfeit $889 million in restitution; Guo had associations with Steve Bannon and had attacked the Chinese government, arguing his actions against the CCP.

via Politico|

#30-year-sentence #fraud #gtv-media-group

us-news15 days ago•78 min saved

Exiled Chinese billionaire Guo Wengui handed 30-year fraud sentence in US

A Manhattan federal judge sentenced self-exiled Chinese billionaire Guo Wengui to 30 years in prison after he was convicted on nine of twelve fraud charges for leading schemes that defrauded investors of more than $1 billion through his media ventures, including GTV Media Group. Prosecutors had urged a 30-year term, saying the fraud financed an extravagant lifestyle that harmed hundreds of victims, while Guo’s lawyers portrayed the case as a politically motivated attack by China against dissidents.”

via AP News|

#30-year-sentence #fraud #gtv-media-group

crime2 years ago•2 min saved

Exiled Chinese Tycoon Guo Wengui Convicted in $1 Billion Fraud Scheme

Exiled Chinese businessman Guo Wengui, who had ties to former White House adviser Stephen Bannon, was convicted of defrauding his online followers of over $1 billion. Guo used the funds to support a lavish lifestyle, including purchasing a yacht and a mansion. He was found guilty on nine of 12 counts and faces decades in prison. Guo's sentencing is scheduled for November 19.

via The Washington Post|

#crime #fraud #gtv-media-group

crime3 years ago•1 min saved

FBI arrests exiled Chinese billionaire and Bannon ally Guo Wengui.

Exiled Chinese billionaire Guo Wengui, who has business ties with Steve Bannon, has been arrested by the FBI on charges of orchestrating a $1 billion fraud. Guo and Bannon have been under investigation in connection with GTV Media Group, which the Securities and Exchange Commission previously accused of violating securities laws. The SEC also filed civil charges against Guo and his financial adviser for "multiple offering frauds" that targeted retail investors through online and social media posts and videos. Bannon helped Guo found GTV, but has not been charged.

via ABC News|

#crime #fbi #gtv-media-group