GTV Media Group Fair Fund
This settlement is closed to new claims — the deadline was November 30, 2023. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
From April through June 2020, GTV Media Group, Saraca Media Group, and Voice of Guo Media solicited thousands of individuals to invest approximately $487 million in unregistered GTV Stock and digital assets called G-Coins or G-Dollars. The SEC found the companies made false claims about developing a platform for transacting with these digital assets, which had not been developed or distributed. The companies were ordered to pay $539.4 million in disgorgement, prejudgment interest, and civil money penalties.
Do you qualify?
Anyone who purchased or acquired GTV Stock between April 20, 2020 and July 1, 2020, or G-Coins/G-Dollars between April 1, 2020 and July 1, 2020, suffered a recognized loss according to the Plan of Allocation, and is not an excluded party.
How to file
Eligible investors must file a claim through the Fair Fund website. The deadline to resolve all outstanding deficiencies for claims was November 30, 2023. Investors must provide documentation of their purchases to establish recognized losses under the Plan of Allocation.
Common questions
- How much does the GTV Media Group Fair Fund pay?
- The total settlement fund is $455.4M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- What is the claim deadline for the GTV Media Group Fair Fund?
- This settlement is closed to new claims — the deadline was November 30, 2023. Once a claim deadline passes you generally forfeit your share, even if you qualified.
- Do I need proof of purchase for the GTV Media Group Fair Fund?
- Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
- Is the GTV Media Group Fair Fund notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at gtvmediagroupfairfund.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the GTV Media Group Fair Fund be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. Payments cannot be issued until the court grants final approval and any appeals are resolved.
In the news
- 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 FundYahoo Entertainment · April 15, 2022
- Kyle Bass's failed Hong Kong short got Bannon-linked cash - Bloomberg NewsYahoo Entertainment · October 13, 2021
- Media firms linked to Chinese billionaire Guo Wengui settle SEC charges for $539 millionAxios · September 13, 2021
- Three media companies linked to wealthy Chinese exile Guo Wengui, including GTV Media, reach a $539M+ settlement with SEC for offering unregistered securities (Brian Schwartz/CNBC)Mediagazer.com · September 13, 2021
Headlines via NewsAPI. ClaimWatch isn't affiliated with these publications.
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This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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