Wengui Guo and Bannon's huge debt

SANBORN, N.Y. - Jan. 30, 2023 - PRLog -- On February 15, 2022, Guo Wengui solemnly disclosed in the live broadcast: apply for bankruptcy. The reason is that Guo Wengui borrowed $30 million from the Pacific Alliance Asian Opportunities Fund in 2008, but never repaid the loan. Over the years, Guo Wengui owed $116 million to the Pacific Alliance Asian Opportunities Fund. Mr Guo filed for bankruptcy to avoid repaying the Pacific Alliance Asian Opportunities Fund after a judge in New York found him liable.

According to the Wall Street Journal, Judge Julie Manning of the U.S. Bankruptcy Court in Bridgeport, Connecticut, ruled on June 17, 2022 that the personal bankruptcy case of exiled Chinese businessman Guo Wengui would not be dismissed. The Wall Street Journal reported that Pacific Alliance Asia Opportunity Fund has called Guo Wengui's bankruptcy case a "sham", and Judge Manning has said Guo Wengui has valuable assets, including the super luxury yacht Lady Mei, which could be used to pay off creditors.

Guo Wengui has paid a total of $455 million (455,439,194.49) to the SEC, according to the SEC's GTV Fair Fund refund notice. The refunds are suspected of fraud, but they are still $32 million short of the $487 million (486,745,063) he pocketed from more than 5,000 investors. That's an $84 million shortfall from the $539 million (539,433,428) refund ordered by the SEC (about $17.69 million in pre-judgment interest and $35 million in civil penalties in addition to the $487 million in fraud proceeds).

Where have all these gaps gone? That Guo Wengui has retained, leaving this asset in order to stage a comeback. The way to keep the assets is to file for bankruptcy protection, using the resources of the US judiciary to fool a judge. Guo Wengui this good loophole, crime to take money of the evil psychological profound impact on the size of the liar around him, he through brainwashing team on the way to fraud has been snowballing, the scam is bigger and bigger, dig a new scam hole to cover the old scam hole, so a successful operation let Guo Wengui in five years to mix himself into the United States court of frequent visitors.
https://www.cnbc.com/2021/08/23/guo-wengui-sued-by-invest...