Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Media

riversedge

(76,657 posts)

3. I do not think the money is coming from Bannon's wallet...........

Reply to brush (Reply #1)

Mon Sep 13, 2021, 01:45 PM

Sep 2021

????

The 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.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

4 replies

= new reply since forum marked as read

Highlight:

Steve Bannon-linked media venture to pay $539 million settlement for fundraising violations [View all] Eugene Sep 2021 OP

Hmmm? That ought to cool Bannon down for while. brush Sep 2021 #1

I do not think the money is coming from Bannon's wallet........... riversedge Sep 2021 #3

Oh, I get that. You think Wengui will pay? brush Sep 2021 #4

Lock this idiot up LetMyPeopleVote Sep 2021 #2