Who is Guo Wengui, the Chinese billionaire who owns the boat that Steve Bannon was arrested on today?

Earlier this month, a sunburned Steve Bannon, holding a lit cigar and wearing a blue polo shirt with the collar turned up, stood in front of a camera on a yacht owned by his friend Guo Wengui, a Chinese billionaire.

A YouTube video shows Wengui putting his arm around Bannon as the former Trump campaign chairman denounces the Chinese government and extols the alleged benefits of hydroxychloroquine to treat COVID-19. The vessel's lavish interior gleams in the background.

Multiple people say there is a separate federal inquiry involving a company linked to both men, GTV Media Group. As The Wall Street Journal first reported Wednesday, the FBI, the New York state attorney general and the Securities and Exchange Commission are examining whether securities laws were violated during a $300 million private offering by the company this spring, the sources say. In a memo to potential investors, according to The Journal, the company identified Bannon as one of several prominent directors.

Last month, investigators with the Mercer Island Police Department in Washington state took an incident report from an unidentified victim who had become an investor in GTV Media Group Inc., with the promise it was launching a video-sharing platform, similar to YouTube, "that was supposed to go huge," according to an official familiar with the matter. The investor wired $500,000 to receive shares in the company by the end of May, but never received shares and wasn't able to get in contact with the reported suspect, the report stated.

The Mercer Island PD incident report identified the suspect as Guo Wengui, describing him as a "billionaire" based out of New York, and noted there were other victims.

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