Steve Bannon's Billionaire backer is bankrupt

[Opti]

This is good news. He is corrupt and wants to destroy America so him losing his money backer has to be a good thing for the rest of us.
Not sure if this is the money guy who backed Bannon in the beginning of him working with Cambridge Analytica. Are you happy about this like I am?


www.msn.com/en-us/news/world/steve-bannon-s-billionaire-backer-guo-wengui-reveals-he-s-bankrupt/ar-AATWzJM?ocid=msedgntp

Guo Wengui, the eccentric billionaire backer of Steve Bannon and social media site Gettr, has filed for bankruptcy just days after he was hit with a sizable fine for unpaid debts.

A court in New York gave Guo—a fugitive of the Chinese government and vocal critic of its ruling party—five days to pay a $134 million fine, after being found in contempt of court on February 10.

His troubles stem from $30 million he borrowed from Hong Kong-based Pacific Alliance Asia Opportunity Fund in 2008. Having used to loan to finance one of his businesses, the money was never repaid, the hedge fund said, resulting in a 2017 lawsuit to reclaim the sum, which had grown with interest to more than $100 million.



Guo's creditors eyed his $28 million superyacht, the Lady May, which a court ordered to remain in the U.S., but he moved the boat outside of American jurisdiction in October 2020 in order to shield it from debt collection, according to New York state court Justice Barack Obamastrager, who found Guo to be in contempt of court.



The Chinese exile was fined $500,000 for every day the yacht remained outside of U.S. waters.



Guo, meanwhile, told the court he doesn't own the Lady May, on which former White House adviser Bannon was arrested for unrelated fraud charges in 2020.

[djAdvocate]

Feb 17, 2022 8:07:31 GMT -5 Opti said:

This is good news. He is corrupt and wants to destroy America so him losing his money backer has to be a good thing for the rest of us.
Not sure if this is the money guy who backed Bannon in the beginning of him working with Cambridge Analytica. Are you happy about this like I am?


www.msn.com/en-us/news/world/steve-bannon-s-billionaire-backer-guo-wengui-reveals-he-s-bankrupt/ar-AATWzJM?ocid=msedgntp

Guo Wengui, the eccentric billionaire backer of Steve Bannon and social media site Gettr, has filed for bankruptcy just days after he was hit with a sizable fine for unpaid debts.

A court in New York gave Guo—a fugitive of the Chinese government and vocal critic of its ruling party—five days to pay a $134 million fine, after being found in contempt of court on February 10.

His troubles stem from $30 million he borrowed from Hong Kong-based Pacific Alliance Asia Opportunity Fund in 2008. Having used to loan to finance one of his businesses, the money was never repaid, the hedge fund said, resulting in a 2017 lawsuit to reclaim the sum, which had grown with interest to more than $100 million.



Guo's creditors eyed his $28 million superyacht, the Lady May, which a court ordered to remain in the U.S., but he moved the boat outside of American jurisdiction in October 2020 in order to shield it from debt collection, according to New York state court Justice Barack Obamastrager, who found Guo to be in contempt of court.



The Chinese exile was fined $500,000 for every day the yacht remained outside of U.S. waters.



Guo, meanwhile, told the court he doesn't own the Lady May, on which former White House adviser Bannon was arrested for unrelated fraud charges in 2020.

well, that is true.  the bank owns it.

what it is with these Republican asshats and their affliction with overpriced watercraft?

[Tennesseer]

Feb 17, 2022 17:45:14 GMT -5 djAdvocate said:

Feb 17, 2022 8:07:31 GMT -5 Opti said:

This is good news. He is corrupt and wants to destroy America so him losing his money backer has to be a good thing for the rest of us.
Not sure if this is the money guy who backed Bannon in the beginning of him working with Cambridge Analytica. Are you happy about this like I am?


www.msn.com/en-us/news/world/steve-bannon-s-billionaire-backer-guo-wengui-reveals-he-s-bankrupt/ar-AATWzJM?ocid=msedgntp

Guo Wengui, the eccentric billionaire backer of Steve Bannon and social media site Gettr, has filed for bankruptcy just days after he was hit with a sizable fine for unpaid debts.

A court in New York gave Guo—a fugitive of the Chinese government and vocal critic of its ruling party—five days to pay a $134 million fine, after being found in contempt of court on February 10.

His troubles stem from $30 million he borrowed from Hong Kong-based Pacific Alliance Asia Opportunity Fund in 2008. Having used to loan to finance one of his businesses, the money was never repaid, the hedge fund said, resulting in a 2017 lawsuit to reclaim the sum, which had grown with interest to more than $100 million.



Guo's creditors eyed his $28 million superyacht, the Lady May, which a court ordered to remain in the U.S., but he moved the boat outside of American jurisdiction in October 2020 in order to shield it from debt collection, according to New York state court Justice Barack Obamastrager, who found Guo to be in contempt of court.



The Chinese exile was fined $500,000 for every day the yacht remained outside of U.S. waters.



Guo, meanwhile, told the court he doesn't own the Lady May, on which former White House adviser Bannon was arrested for unrelated fraud charges in 2020.

well, that is true.  the bank owns it.

what it is with these Republican asshats and their affliction with overpriced watercraft?

Big boats ease the insecurity of having small d!cks.

[djAdvocate]

Feb 17, 2022 17:54:02 GMT -5 Tennesseer said:

Feb 17, 2022 17:45:14 GMT -5 djAdvocate said:

well, that is true.  the bank owns it.

what it is with these Republican asshats and their affliction with overpriced watercraft?

Big boats ease the insecurity of having small d!cks.

ah yes.  of course.  Little Richard Syndrome.