Fugitive Chinese Billionaire Allied with Steve Bannon Agrees to Pay $539 Million Fine
DON EMMERTThe fugitive Chinese billionaire and Steve Bannon ally behind a pro-Trump social media network now owes owes hundreds of millions of dollars to the federal government, after a new settlement with the Securities and Exchange Commission.Companies owned by billionaire and aspiring media mogul Guo Wengui agreed to pay the SEC $539 million as part of a settlement over illegal stock and cryptocurrency sales, the agency announced Monday. The agreement includes a condition preventing Wengui’s companies from selling future digital currencies.Lawyers for Wengui didn’t respond to an immediate request for comment.Read more at The Daily Beast.
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