Who is Guo Wengui, the Chinese billionaire who owns the boat Steve Bannon was arrested on?
Multiple people familiar with the matter told NBC News there is a separate federal inquiry involving a company linked to both men, GTV Media Group.
Multiple people familiar with the matter told NBC News there is a separate federal inquiry involving a company linked to both men, GTV Media Group.
www.nbcnews.com
Steve Bannon greets Chinese billionaire Guo Wengui before introducing him at a news conference in New York on Nov. 20, 2018
Earlier this month, a sunburned
Steve Bannon, holding a lit cigar and wearing a blue polo shirt with the collar turned up, stood in front of a camera on a yacht owned by his friend Guo Wengui, a Chinese billionaire.
A
YouTube video shows Wengui putting his arm around Bannon as the former
Trump campaign chairman denounces the Chinese government and extols the alleged benefits of hydroxychloroquine to treat COVID-19. The vessel's lavish interior gleams in the background.
On Thursday, Bannon was arrested by federal agents on that same yacht off Westbrook, Connecticut, and booked into jail on fraud charges. Though the charges appear to have nothing to do with the Chinese businessman, the arrest puts a new spotlight on Bannon's relationship with Guo, a controversial figure with his own history of legal entanglements.
Multiple people familiar with the matter tell NBC News there is a separate federal inquiry involving a company linked to both men, GTV Media Group. As The Wall Street Journal first reported Wednesday, the FBI, the New York state attorney general and the Securities and Exchange Commission are examining whether securities laws were violated during a $300 million private offering by the company this spring, the sources say. In a memo to potential investors, according to The Journal, the company identified Bannon as one of several prominent directors.
Steve Bannon pictured on a yacht on Aug. 19, 2020