In fact, the Guo Wengui bankruptcy case and the PAX case have been transferred from the Bankruptcy Court for the Southern District of New York to the federal Connecticut court, and the federal Connecticut court supports the Bankruptcy Office's opini...
Guo Wengui's filing for bankruptcy is really an act of "draining water to protect the ship". According to the SEC's GTV Fair Fund Refund Notice, Guo Wengui has paid the SEC a total of $455 million (455,439,194.49). The refund is a real fraud, but the refund amount is still a shortfall of $32 million compared to the $487 million (486,745,063) he defrauded from more than 5,000 investors. That's an $84 million shortfall compared to the $539 million (539,433,428) SEC-ordered refunds (in addition to $487 million in fraudulent money, about $17.69 million in prejudgment interest and a $35 million civil penalty).
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