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GTV Media Group

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GTV Media Group Inc.
FoundedApril 20, 2020;4 years ago(2020-04-20)
Headquarters,
United States
Key people
Total equityUS$300 million (2020)
Websitegtv.org
Footnotes / references
[1][2]

GTV Media Group, Inc.is a media company formed in April 2020 bySteve BannonandGuo Wengui.[3][4]The company operates GTV, a Chinese media platform.[5]

Background

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Prior to forming GTV,Steve Bannonserved as an executive ofBreitbart Newsand an advisor to theadministration of U.S. President Donald Trump.Guo Wengui,also known as Miles Kwok, is a Chinesebillionairefugitive.[6][7]Guo paid Bannon $1 million for consulting services related toG Newsfrom August 2018 to August 2019.[8]

History

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GTV Media Group, Inc. was founded inNew Yorkon April 20, 2020.[2]In August,The Wall Street Journalreported that GTV Media was being investigated by theFederal Bureau of Investigation(FBI) andU.S. Securities and Exchange Commission(SEC) related to more than $300 million inprivate equity funding.Some investors had requested refunds after GTV Media failed to produce official documents validating their investments. Bank accounts of the company were frozen byWells FargoandChase Bank,and aBank of Americaaccount of GTV Media's parent company was closed.[9][1][7]

The organization also attracted attention in August following thefederal grand juryindictment of Bannon,Brian Kolfage,and several of their associates on charges ofconspiracyto commit fraud and conspiracy to commitmoney launderingin connection with theWe Build the Wallfundraising project.[1][7][10][6]Guo responded that the charges were "fabricated" and claimed that they were part of a plan by theChinese Communist Partyto "take Mr. Bannon down".[11]

Like other entities under Guo and Bannon, this organization has also participated in the spread of non verified information and conspiracy theories aboutHunter Biden[5][12]as well asmisinformation related to the COVID-19 pandemic.[13][14][15]

In September 2021, GTV settled with theU.S. Securities and Exchange Commissionover allegations that it participated in the illegal sale of shares and digital securities called G-Coins or G-Dollars. In the settlement, the firms paid more than $539 million.[16]

New Zealand operations

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GTV formerly hostedCounterspin Media,a far right New Zealand platform promoting far right ideology and conspiracy theories including opposition toCOVID-19 vaccinesand restrictions. Counterspin's hosts including founder and far right activistKelvyn Alpand formerGreen Partyactivist Hannah Spierer.[17][18]

See also

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References

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  1. ^abcPapenfuss, Mary (August 20, 2020)."FBI Now Probing $300 Million Media Company Deal Linked To Steve Bannon: Report".Huffington Post.RetrievedAugust 26,2020.
  2. ^ab"NYS Department of State Division of Corporations Entity Information".New York Department of State, Division of Corporations, State Records & UCC.RetrievedAugust 26,2020.
  3. ^Lawson, Charlotte (October 26, 2020)."The Strange Case of Guo Wengui".The Dispatch.RetrievedJanuary 30,2021.
  4. ^Hvistendahl, Mara(November 11, 2020)."Questions Mount About Controversial Hunter Biden-China Dossier".The Intercept.RetrievedJanuary 30,2021.
  5. ^abCovucci, David (October 26, 2020)."Hunter Biden's laptop is Schrödinger's October Surprise".The Daily Dot.RetrievedOctober 27,2020.
  6. ^abAllsop, Jon (August 21, 2020)."Bannon, Biden, the darkness, and the light".Columbia Journalism Review.RetrievedAugust 26,2020.
  7. ^abcSpegele, Brian; Hua, Sha; Viswanatha, Aruna (August 19, 2020)."Fundraising at Company Tied to Steve Bannon and Guo Wengui Faces Probe".The Wall Street Journal.RetrievedAugust 26,2020.
  8. ^Swan, Jonathan; Pandey, Erica (October 29, 2019)."Exclusive: Steve Bannon's $1 million deal linked to a Chinese billionaire".Axios.RetrievedOctober 27,2020.
  9. ^Dilanian, Ken; Blankstein, Andrew; Winter, Tom; Tur, Katy (August 20, 2020)."Who is Guo Wengui, the Chinese billionaire who owns the boat Steve Bannon was arrested on?".NBC News.RetrievedAugust 26,2020.
  10. ^Melendez, Pilar (August 20, 2020)."Bannon Was Busted on Luxury Yacht Owned by Billionaire Chinese Fugitive".The Daily Beast.RetrievedAugust 26,2020.
  11. ^"Meet Guo Wengui, Steve Bannon's Chinese-exile friend".The Economist.August 28, 2020.RetrievedAugust 28,2020.
  12. ^Aspinwall, Nick (November 2, 2020)."Guo Wengui and Steve Bannon Are Flooding the Zone With Hunter Biden Conspiracies".Foreign Policy.
  13. ^"'The truth about COVID-19': How anti-Beijing activists are spreading coronavirus conspiracies ".abc.net.au.October 9, 2020.RetrievedJanuary 31,2021.
  14. ^"A Site Tied To Steve Bannon Is Writing Fake News About The Coronavirus".BuzzFeed News.RetrievedJanuary 31,2021.
  15. ^Qin, Amy; Wang, Vivian; Hakim, Danny (November 20, 2020)."How Steve Bannon and a Chinese Billionaire Created a Right-Wing Coronavirus Media Sensation".The New York Times.ISSN0362-4331.RetrievedJanuary 31,2021.
  16. ^Song, Zijia (November 12, 2021)."A $27 Billion Token Loved by Exiled Billionaire and Steve Bannon".Bloomberg.
  17. ^Daalder, Marc (February 12, 2022)."'Splintered realities': How NZ convoy lost its way ".Newsroom.Archivedfrom the original on February 13, 2022.RetrievedFebruary 14,2022.
  18. ^Mitchell, Charlie (February 12, 2022)."Inside the disorienting, contradictory swirl of the convoy, as seen through its media mouthpiece".Stuff.Archived fromthe originalon February 13, 2022.RetrievedFebruary 14,2022.