RusBankrot
We know everything about bankruptcy
24/11/2024
Sunday
THIS DAY IN HISTORY:
24 November 
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
24 November
1970 The United States and the USSR ratified the nuclear non-proliferation treaty.
1970 The Central Committee of CPSU restored the national autonomy of the Kalmyks, Karachais, Balkars, Chechens and Ingush.
1970 Charles Darwin published The Origin of Species - the first edition was sold out in a day.
Fugitive Chinese billionaire files for bankruptcy in USA
Guo Wengui applied for bankruptcy protection in the USA. In the documents, he indicates that he has assets ranging from $50,000 to $100,000. His obligations to creditors at the same time range from $100 million to $500 million.
The biggest creditor of the Chinese fugitive oligarch is the Pacific Alliance Asia Opportunity. The fund's claims are about $254 million, and the organization has been in litigation with him for several years in a row. The reason is about $88 million received as a loan for 2008-2011.
About five months ago, the US Securities and Exchange Commission (SEC) fined three media structures affiliated with Guo Wengui's business.
One of the firms (GTV Media Group) turned out to be closely associated with the personality of Steve Bannon, who worked as the chief political strategist of Donald Trump. Curiously, neither Steve Bannon himself nor Guo Wengui, who is known for his controversial political views, has been accused by the SEC of any violations.
The biggest creditor of the Chinese fugitive oligarch is the Pacific Alliance Asia Opportunity. The fund's claims are about $254 million, and the organization has been in litigation with him for several years in a row. The reason is about $88 million received as a loan for 2008-2011.
About five months ago, the US Securities and Exchange Commission (SEC) fined three media structures affiliated with Guo Wengui's business.
They were charged with illegal trading in financial assets and cryptocurrencies worth $539 million.
SEC officials found that between April and June 2020, companies raised about $487 million from more than 5,000 investors through the websites and social media. The companies eventually agreed to pay a $486.6 million fine, plus $17.6 million in interest and a $35 million settlement (civil penalty).One of the firms (GTV Media Group) turned out to be closely associated with the personality of Steve Bannon, who worked as the chief political strategist of Donald Trump. Curiously, neither Steve Bannon himself nor Guo Wengui, who is known for his controversial political views, has been accused by the SEC of any violations.
Earlier, Wengui fled to the United States, asking for political asylum.
For China, where the fight against bribery and corruption is officially considered a top national priority, he is one of the most dangerous state criminals. In particular, the former deputy head of the Ministry of State Security, Ma Jiang, received a life sentence in China. He was convicted of taking millions of yuan in bribes and insider trading for Wengui. 18.02.2022
