This is good news for investors who invested however, like most fraud cases the investors will most likely still lose a portion or all of their investment. A judge approved the first step Monday in potentially paying back Texans who invested with a Houston company that is accused of scamming retired teachers, state workers and [...]
Posts from ‘June, 2009’
Danny Pang accused of defrauding investors with Life Settlements
The Securities and Exchange Commission accused Irvine financier Danny Pang on Monday of defrauding investors of hundreds of millions of dollars and obtained a court order freezing his assets and directing Pang to surrender his passports. In a complaint filed in federal court in Los Angeles, the SEC accused Pang of defrauding investors by misrepresenting [...]
