{"id":8290,"date":"2022-04-15T13:22:00","date_gmt":"2022-04-15T13:22:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3718366_AE18366_0"},"modified":"2022-04-15T13:22:00","modified_gmt":"2022-04-15T13:22:00","slug":"if-you-purchased-gtv-common-stock-and-or-the-digital-asset-security-referred-to-as-g-coins-or-g-dollars-between-april-2020-and-june-2020-you-may-be-eligible-for-a-distribution-payment-from-the-gtv-me","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=8290","title":{"rendered":"If you purchased GTV common stock and\/or the digital asset security referred to as G-Coins or G-Dollars between April 2020 and June 2020, you may be eligible for a distribution payment from the GTV Media Group Fair Fund"},"content":{"rendered":"
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SEATTLE<\/span>, April 15, 2022<\/span> \/PRNewswire\/ — JND Legal Administration announces that on September 13, 2021<\/span>, the U.S. Securities and Exchange Commission (“SEC”) issued an Order instituting and simultaneously settling cease-and-desist proceedings against Respondents GTV Media Group, Inc. (“GTV”), Saraca Media Group, Inc. (“Saraca”), and Voice of Guo Media, Inc.  In the Order, the SEC found that from approximately April 2020<\/span> through June 2020<\/span>, Respondents generally solicited thousands of individuals to invest in the GTV Common Stock offering.  The SEC further found that during the same period, GTV and Saraca (“the G Entities”) also solicited individuals to invest in the Digital Asset offering.  According to the Order, as a result of these two unregistered securities offerings, whose proceeds were commingled, Respondents collectively raised approximately $487 million<\/span> from more than 5,000 investors, including individuals in the United States<\/span>. The SEC ordered the Respondents to pay $486,745,063<\/span> in disgorgement, plus prejudgment interest of $17,688,365<\/span> and $35,000,000<\/span> in civil money penalties, for a total of $539,433,428<\/span>, to the SEC.  The SEC also created the Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalties paid, along with the disgorgement and interest paid, can be distributed to harmed investors. To date, the Respondents have paid a total of $455,439,194.49<\/span>.  Any additional funds collected from the Respondents pursuant to the Order will be added to the Fair Fund.  The Fair Fund has been deposited at the United States Department of the Treasury’s Bureau of the Fiscal Service (“BFS”) for investment.<\/p>\n

 G Entities [Relevant Period start and end dates (inclusive)]<\/b>:<\/p>\n