PR95393

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

SEATTLE, April 16, 2022 /PRNewswire=KYODO JBN/ --

JND Legal Administration announces that on September 13, 2021, 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

through June 2020, 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 from more than 5,000

investors, including individuals in the United States. The SEC ordered the

Respondents to pay $486,745,063 in disgorgement, plus prejudgment interest of

$17,688,365 and $35,000,000 in civil money penalties, for a total of

$539,433,428, 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.  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.

G Entities [Relevant Period start and end dates (inclusive)]:

      -        GTV Common Stock [4/20/2020 through 6/2/2020]; and

      -        G-Dollars or G-Coins [4/1/2020 through 6/30/2020];

On October 14, 2021, the SEC appointed Miller Kaplan Arase LLP as Tax

Administrator.  The SEC also appointed JND Legal Administration as Fund

Administrator (the "Fund Administrator") on November 23, 2021. The SEC approved

a plan for the distribution of the GTV Media Group Fair Fund (the "Plan").  The

Plan is publicly available at www.GTVMediaGroupFairFund.com , and available on

the SEC's webpage for this matter at

https://www.sec.gov/divisions/enforce/claims/gtv-media-group.htm.

If you purchased one or more of the securities listed above during the

corresponding Relevant Period(s) and would like to be considered for

eligibility for a distribution from the GTV Media Group Fair Fund, you must

submit a completed and signed Proof of Claim Form ("Claim Form"), including

adequate supporting documentation of your purchases and a completed tax

certification, to the Fund Administrator by the Claims Bar Date.

The Claim Form is available at www.GTVMediaGroupFairFund.com .  You may submit

your Claim Form online no later than 11:59 p.m. PT on the Claims Bar Date

following the directions at www.GTVMediaGroupFairFund.com/claim .  

Alternatively, you may send your Claim Form to the Fund Administrator.  Claim

Forms must be postmarked no later than the Claims Bar Date if sent by First

Class Mail; and if not by First Class Mail, received by the Fund Administrator

by the Claims Bar Date.  If not submitted online, Claim Forms should be

directed to the following address:

GTV Media Group Fair Fund

c/o JND Legal Administration

PO Box 91403

Seattle, WA 98111

Additional information regarding the GTV Media Group Fair Fund, including the

Distribution Plan, the Plan Notice, the Claim Form, relevant deadlines, and

related materials are available on the Distribution Website at

www.GTVMediaGroupFairFund.com .  You may obtain additional information or

request copies of the Claim Form by contacting the Fund Administrator toll-free

at 866-853-5013, emailing info@GTVMediaGroupFairFund.com, or writing to:

GTV Media Group Fair Fund

c/o JND Legal Administration

PO Box 91403

Seattle, WA 98111

Please check the website www.GTVMediaGroupFairFund.com  frequently for updates.

SOURCE JND Legal Administration