Baowen Ren—Unauthorized Bankruptcy Filing

Rochester stockbroker fraud attorneyBaowen Ren, Former Chairman of Sino Clean Energy, Inc. (SCEI), Beaten by Robert W. Seiden in Nevada Bankruptcy Court; Ren’s Unauthorized Bankruptcy Filing of SCEI Dismissed

Baowen Ren, Former Chairman of Sino Clean Energy, Inc. (SCEI), lost a ruling in the Nevada bankruptcy court wherein the Honorable Judge Bruce T. Beesley ruled today that Ren’s unauthorized bankruptcy filing of SCEI had to be dismissed in favor of Robert W. Seiden, Esq., Court-Appointed Receiver, according to Nevada State Court Documents.

Ren and his Nevada lawyers filed a bankruptcy petition on July 7, 2015, asking for U.S. Bankruptcy Code protection for SCEI and giving the company automatic stay after SCEI was placed into receivership by the Nevada State Court last year for alleged failure to report to the SEC, said Documents report.

Baowen Ren’s Bankruptcy Filing Ruled Not Only Impermissible, but Allegedly in Violation of the Receivership Order and Filed in Part on False Statements

Baowen Ren’s bankruptcy ruling was not allegedly only impermissible, but in violation of the receivership order and was filed based in part on alleged false statements, according to Nevada State Court Documents.

Based on the aforementioned ruling, Ren allegedly must now face a contempt of court proceeding pending in Nevada State Court for his actions in violation of the Nevada State Court order, and in defiance of the Receiver’s demands, the Nevada State Court Documents report.

Finally, Ren is also purportedly subject to an active criminal investigation in Hong Kong by the Commercial Crimes Bureau for his actions in allegedly falsifying documents in Hong Kong that were uncovered by auditors there, according to reports from Hong Kong.

The Peiffer Rosca Wolf Securities Rights Lawyers Help Investors

The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of unauthorized bankruptcy proceedings. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of unauthorized bankruptcy proceedings may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1180 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.