US media reported last month that legal and financial fights have erupted within the strange anti-China network founded by former Trump advisor Steve Bannon and exiled Chinese businessman Guo Wengui. According to a Daily Beast report:
September 25, 2021 A wild fight has erupted within the sprawling finance and propaganda apparatus former White House chief strategist Steve Bannon co-founded with a fugitive Chinese billionaire. The battle involves an organization Bannon inaugurated at the Statue of Liberty last year with Guo Wengui, a Chinese disinformation kingpin, and hostilities broke out even before the SEC this month charged companies linked to Guo with unregistered stock and cryptocurrency sales. But a federal probe into the dealings had been underway for months, and a key contention in a new lawsuit is that money intended to bankroll the duo’s vision of a vast anti-Beijing network instead went toward paying back irate investors in illicit transactions. Guo has long been a key financier of Trumpworld ventures, including the conservative social media app Gettr. When federal authorities charged Bannon last August with defrauding a nonprofit, they collared him on the deck of Guo’s massive $28 million yacht. Former President Donald Trump eventually pardoned Bannon for any wrongdoing.
Neither Bannon nor Guo is a party in the lawsuit (just as neither was charged in the SEC order). Instead, the plaintiff is a mysterious entity called Mountains of Spices LLC, while the top defendant is Sara Lihong Wei Lafrenz, co-director of a nonprofit Bannon and Guo started in 2018. The amended complaint filed in Arizona federal court on Sept. 16 reveals the inner workings of the web of professed anti-Communist exiles Bannon and Guo aspired to organize against the Chinese regime, and in support of a shadow government under their control. And it suggests the sprawling network is tearing itself apart.
Read the rest here.
We reported earlier this month that Bannon was part of an exclusive June 2021 New York City event hosted by two NGOs linked to Wengui that served as a platform for several former Trump allies to “spew anti-government rhetoric and conspiracy theories” about the 2020 election.