Steve Banon (Courtesy: Twitter)
Latest News

Steve Banon’s Cryptocurrency Offering Investigated By Feds

Steve Banon (Courtesy: Twitter)
Steve Banon (Courtesy: Twitter)

US president Donald Trump’s former campaign strategist Steve Banon is under scrutiny as his cryptocurrency offering is being investigated by the Feds, according to a tweet from Scott Stedman.

Stedman in his tweet said that Feds are investigating cryptocurrency offering by Steve Bannon and Guo Wengui’s company GTV Media. The company began selling an online currency called “GDollars” in May and, according to my sources, raised millions. FEC never issued them a licence to sell digital currency.

An archived version of the website shows that the company managed by Wengui and Bannon offered “GDollars” and allowed consumers in the US and elsewhere to purchase up to $999,999 of the digital currency, his thread of tweets added.

Wengui’s large online following pushed the purchase of the digital currency – which purportedly was to be used to purchase upgrades/send tips on GTV Media’s network of platforms, he further said.

Check out the tweet thread here:

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.