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Zorro

(15,740 posts)
Wed Feb 16, 2022, 02:54 PM Feb 2022

Steve Bannon's Richie Rich Friend Just Filed for Bankruptcy

The Chinese financier behind Steve Bannon’s right-wing projects and the social media app Gettr filed for Chapter 11 bankruptcy on Tuesday, claiming to only be worth $50,000 to $100,000.

The move came just days after a New York judge ordered Guo Wengui, an anti-communist fugitive and self-styled billionaire, to cough up $134,000,000 in fines for moving his super-yacht out of U.S. waters amid a lawsuit brought by Hong Kong creditors. It also comes amid layoffs at Gettr and infighting within the anti-Beijing dissident network Wengui launched with Bannon.

The $28 million yacht—on which Bannon was famously arrested—was missing from Guo’s self-valuation in the Connecticut bankruptcy filing. Also absent was his $68 million penthouse overlooking Central Park; a holding company tied to Guo that purchased the pad reportedly filed for bankruptcy two years ago.

Neither Guo’s attorneys nor Jason Miller, co-founder of Gettr, immediately responded to requests for comment.

https://www.thedailybeast.com/guo-wengui-steve-bannons-supposedly-rich-pal-just-filed-for-bankruptcy

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Steve Bannon's Richie Rich Friend Just Filed for Bankruptcy (Original Post) Zorro Feb 2022 OP
... progressoid Feb 2022 #1
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