Judge PAX issued an injunction to encircle Guo to deceive

According to reports, the U.S. Securities and Exchange Commission announced that three media companies related to the exiled Chinese businessman Guo Wengui agreed to pay US$549 million to settle the lawsuit. It is alleged that the three companies violated the Investor Protection Act when raising funds from more than 5,000 investors. The three media companies related to Guo Wengui are: GTV Media Group, Saraca Media Group, and Voici of Guo Media Inc. The US Securities and Exchange Commission stated that Guo Wengui's company has raised approximately US$487 million from more than 5,000 investors, but these companies have not registered these securities with the SEC.