(DailyVantage.com) – On Thursday, March 3, Chinese-language streaming site GTV shut down, citing financial concerns. The website, run by Steve Bannon and Guo Wengui, promoted translated versions of the “War Room” podcast and daily videos featuring Guo. However, the reason behind the site’s discontinuation is drawing concern.
According to a post on social media site Gettr, Guo called out the Chinese Communist Party (CCP) for “massive tampering of data,” rendering the site useless.
This situation isn’t the first sign of trouble for Guo, though. He’s experienced financial troubles that led to bankruptcy, which he publicized and shared online. The filing followed a court’s ruling he must pay $134 million to an undisclosed creditor who sued him for breach of contract. All of this is because of the “persecution of the Chinese Communist Party,” he says. He declined to elaborate further, although he does have a history of speaking out against Beijing.
Guo Wengui, a reputed billionaire and ally of Steve Bannon, told a US bankruptcy trustee today that he has no job that pays him, has no bank accounts, no credit cards, and owns no real estate or cars. pic.twitter.com/egs5H0Y15G
— Seth Hettena (@seth_hettena) March 1, 2022
Guo, who made his fortune in real estate, claims his net worth is only between $50,000 and $100,000, while the amount he owes his creditors is up to $500 million.
Guo and Bannon have partnered on projects together for some time, with the former backing Trump’s former adviser numerous times. The two also collaborated on the now-defunct GTV. What the bankruptcy filing means for their working relationship is unclear.
Copyright 2022, DailyVantage.com