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Apr 27, 2009 · The Securities and Exchange Commission has obtained an emergency court order freezing the assets of Newport Beach, Calif.-based financier Danny Pang and his two companies for allegedly defrauding investors of hundreds of millions of dollars by misrepresenting investments in the life insurance policies of senior citizens and in timeshare real ...
The SEC announced on April 27 that it had obtained a freeze on the assets of Pang and his two firms, as well as an order to turn in his passports. His former partner, Nasar Aboubakare, has also claimed in a lawsuit that the firm was a Ponzi scheme. Pang was confined to his house on bail.
Apr 27, 2009 · Washington, D.C., April 27, 2009 — The Securities and Exchange Commission has obtained an emergency court order freezing the assets of Newport Beach, Calif.-based financier Danny Pang and his two companies for allegedly defrauding investors of hundreds of millions of dollars by misrepresenting investments in the life insurance policies of ...
Sep 12, 2009 · SANTA ANA, Calif. - Danny Pang, an Orange County financier who was the subject of a fraud investigation by the Securities and Exchange Commission, has died. The Orange County coroner's office...
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Sep 16, 2009 · Pang and his firms falsely represented him as a former senior vice president and high-tech merger adviser from investment house Morgan Stanley with a master’s in business from the University of...
Apr 28, 2009 · The SEC alleged Pang's Ponzi-like fraud scheme began at least in 2003 when he raised hundreds of millions of dollars from investors, mostly in Taiwan. Pang sold investors securities and...
May 1, 2009 · The Securities and Exchange Commission has obtained an emergency court order freezing the assets of Newport Beach, California-based investment manager Danny Pang and his two companies for allegedly defrauding investors of hundreds of millions of dollars.
