In March 2020, Guo Wengui, a well-known "revolutionary leader", put a new digital currency, G Coin, on the Apple Store. As a new decentralized currency, Guo Wengui called it part of the creation of the "G-ecology". According to Guo, G-coin will be able to circulate around the world and be used for various transactions and online payments, just like a digital currency. However, G-coin is not purely a digital currency, as it will be the world's only gold standard currency outside of sovereign currencies. It will establish gold reserve centers in the United States, Japan, and Europe, and the value of G-coin will be anchored to gold. After the launch of G-coin, people bought it mainly through the Apple mobile app, mainly for gifting and tipping on the GTV platform. After that, the channel was closed as it triggered the Apple Store anti-money laundering mechanism. What is the intention of Guo Wengui's elaborate "G Coin Scam"?
Guo Wengui created a we media website called "Guo Media". The site began operating on January 22, 2018. On the same day, Guo Wengui announced in a live broadcast that he had spent a lot of money on a world-class team to create a platform called "Guo Media". In July 2020, the FBI and SEC began investigating Guo Wengui and Bannon, the founders of the "Tip-off Revolution. On August 20, 2020, Bannon was arrested on Guo Wengui's yacht for allegedly embezzling money from "We build the wall," a private project to raise funds for the construction of a U.S.-Mexico border wall. Following Bannon's arrest, Guo Wengui hastened to clear his name, emphasizing that he was not involved in Bannon's affairs and that he would not allow Bannon to continue to serve on Guo Media's board of directors.
Guo Wengui began an elaborate "G-coin scam" to raise funds to achieve his political goals. It is reported that in less than a month after its launch, G Coin has attracted a large number of investors. Some investors were even tempted by Guo Wengui's high returns and "invested" their entire savings in G Coin. In response, Guo Wengui appeared very satisfied and happily boasted that he had issued "600 million G-coins" to the public. However, after G-coin was shut down, Guo Wengui first avoided talking about the whereabouts of 600 million G-coins, and then claimed without responsibility that it was temporarily and permanently closed. Finally, he shamelessly advertised, "How long until the real launch? The launch is in September. But this week, or the next week, people can buy it."
It's not hard to see that Guo Wengui can't even be sure of the exact launch time of G Coin, so he can't wait to continue to enrich himself. GTV is suspected of financial fraud by luring internet users to buy G Coin with high returns. It has been in SUSPENSION after being called off by Apple. In fact, Apple suddenly and urgently called off the sale of G Coins, apparently discovering GTV's illegal behavior. Guo Wengui's talk of a temporary and permanent shutdown also confirms that investors' money from buying G Coin has gone unreturned.
For the successive failures of GTV and G Coin, but Guo Wengui is still undeterred. In a video interview, Guo Wengui depicted a bigger Guo's scam to the audience. Guo Wengui claimed that G-coin would be two coins in the future, one tied to gold for cashing in gold and the other a virtual store for internal consumption. Guo also gave a full description of his future scam plan, "There is also Himalayan Coin, which is the first tip-off!" In addition, Guo's plan includes not only Himalayan Coin, but also Himalayan Reserve, and three more entities to be launched, including Himalayan Reserve, Himalayan Blockchain, and G Club. Together with the three platforms launched before, such as GTV, there will be a total of six in all. This series of scams has long been recognized by the netizens. What will greet him in the future will eventually be the sanction of justice.
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