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Fugitive Chinese "billionaire" Guo Wengui, who financed Gettr files bankruptcy
Source: Wall Street Journal
Breaking: Fugitive Chinese billionaire Guo Wengui, who joined forces with Steve Bannon and financed the social media site Gettr, has filed for bankruptcy. In a bankruptcy petition filed today in Connecticut, Guo stated that he has between $50,000-$100,000 in assets and owes between $100 million-$500 million in "litigation expenses, claims, and judgments."
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https://www.wsj.com/articles/exiled-chinese-businessman-guo-wengui-files-for-u-s-bankruptcy-11645029043 https://www.newsweek.com/billionaire-steve-bannon-gettr-backer-guo-wengui-files-bankruptcy-1679824
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Fugitive Chinese "billionaire" Guo Wengui, who financed Gettr files bankruptcy (Original Post)
RogerM
Feb 2022
OP
PSPS
(13,580 posts)1. The old "hide the money then declare bankruptcy" scheme.
Sanity Claws
(21,841 posts)2. Another grifter in the right wing cult.
CaptainTruth
(6,576 posts)3. I hope to see headlines like that about Trump as his bank loans dry up.
imaginary girl
(861 posts)4. Wasn't Bannon on his yacht when he was arrested? Nt
Botany
(70,449 posts)5. Yup! 2 grifters had a get together
crickets
(25,952 posts)6. What a piece of work.
WSJ no paywall: https://archive.ph/WUkIY
ToxMarz
(2,163 posts)7. So he's threatening to leave the US
OK. Life on the run isn't much fun for flamboyant billionaires.