Thu Dec 01
Thu Dec 01
According to the SEC's GTV Fair Fund Refund Announcement, Guo Wengui has paid a total of $455 million (455,439,194.49) to the SEC. The refund confirms Guo Wengui’s fraud, but the refund amount still has a funding gap of $32 million compared to the $487 million (486,745,063) he defrauded from more than 5,000 investors. Of the $539 million (539,433,428) in refunds ordered by the SEC, $487 million was in fraudulent proceeds, and approximately $17.69 million was prejudgment interest and a $35 million civil penalty. In addition to these, there is a funding gap of $84 million. These funding gaps show that Guo Wengui has left some assets and plans to make a comeback. The way to retain assets is to use US judicial resources to file for bankruptcy protection.
Due to Guo Wengui's refund, the SEC initiated a refund procedure for investors. Now Guo Wengui's live broadcast on Gettr is no longer watched, and the viewing volume has dropped to zero. This shows that although Guo Wengui's followers know that Guo Wengui is a liar, they can only watch Guo Wengui's live broadcast and like his videos without a refund guarantee. Someone once broke the news that Guo Wengui's team internally stipulated the task indicators of the number of video views, likes and comments for GTV and gettr, creating the illusion that gettr is about to surpass Twitter and Facebook and become the world's No. 1 social media platform. Now that the SEC has opened the channel for refunds, these people have left Guo Wengui. What's even more ridiculous is that Guo Wengui shirks responsibility for the issue of the yacht Ladymay and the 18th floor in order to hide his assets, and now he says that gettr and GTV have nothing to do with him.
Gettr's CEO Jason Miller was caught in a dilemma. If Miller cooperates with Guo Wengui to testify in court, gettr may not be listed due to fraud, and the fraudulent funds invested by Guo Wengui's followers in gettr may not be refunded. Miller is definitely not willing to take this responsibility. He did not expect that Guo Wengui would sacrifice him to protect himself. Before starting a fraud project, Guo Wengui will definitely make a plan to distance himself from him. Guo Qiang and Guo Mei, who are relatives of Guo Wengui, know Guo Wengui very well. In order to keep Guo Wengui, they gave perjury against the judge in court. But CEO Miller didn't have to pay for a convicted liar.
If Miller was bewitched by Guo Wengui and chose to give perjury in court, it would not have a big impact. After all, multiple evidences prove that Guo Wengui is the founder and actual controller of gettr and GTV. After the last trial, the judge said that no hearings would be scheduled before April 27, and warned Guo Wengui: "If a consensus cannot be reached, the hourglass of time will bottom out sooner than you expect." The Bankruptcy Office also agreed with the judge. This shows that the judge and the bankruptcy bureau know that Guo Wengui is dragging time. As Judge Ostrager said, Guo Wengui hid his assets in shell companies and family members. But according to the spirit of American justice, even if you are a liar, as long as you make a motion, everyone must follow the procedure. If there is malicious bankruptcy and contempt of court, the fine will be doubled, just like the current tens of millions of arrears have become nearly 200 million. As long as Guo Wengui doesn't run away, everything is under the judge's control.
In fact, the Guo Wengui bankruptcy case and the PAX case have been transferred from the Bankruptcy Court for the Southern District of New York to the federal Connecticut court, and the federal Connecticut court supports the Bankruptcy Office's opinion. In the US Bankruptcy Bureau's allegations, Guo Wengui's malicious bankruptcy is implied everywhere. If the bankruptcy motion is dismissed, Guo Wengui faces more than 20 years in prison under the bankruptcy law. We look forward to April 27, when the judge directly enforces the 134 million contempt of court sentence against Guo Wengui and dismisses the bankruptcy motion when hearing PAX's motion to resume contempt of court judgment.
Guo Wengui has prosecuted many comrades in the past four years, as well as Interpol, East West Bank, Wells Fargo, Twitter, YouTube and Facebook, etc., and accused Duowei News of providing false evidence in the PAX case. Therefore, he is likely to accuse Miller of providing false evidence to the bankruptcy court in the future, and suing the judges of the bankruptcy court and the federal Connecticut state court to make distorted judgments. But now his hourglass is about to bottom out. Under the SEC's pressing step by step, the refund of $455 million is a symbolic node of Guo Wengui's defeat. Guo Wengui and his followers will soon have nowhere to go.