Companies tied to Chinese exile Guo Wengui to pay $539 million to settle SEC action


Source: newsbreak.com newsbreak.com

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Three media companies tied to exiled Chinese businessman Guo Wengui have agreed to pay $539 million to settle regulatory claims they violated investor-protection laws when they raised money from over 5,000 investors. The announcement resolves an investigation that targeted a sale of stock and digital assets last year, according to...