Fundraising at Company Tied to Steve Bannon and Guo Wengui Faces Probe

Former Trump political adviser and exiled Chinese businessman raised more than $300 million in private offering, Guo says

B Brian Spegele, Sha Hua and Aruna Viswanatha
Aug. 19, 2020 1:17 pm ET

A media company linked to former Trump political adviser Steve Bannon and exiled Chinese businessman Guo Wengui raised more than $300 million in a private offering this spring that is now being investigated by federal and state authorities, say people familiar with the matter.

JPMogan Chase & Co. and Wells Fargo & Co, have frozen accounts tied to fund raising for the company GTV Media Group, some of these people said. Bank of America Corp, also closed an account for GTV Media's parent company shortly after it was.....