Wenxing Huang—Investment Fraud, Ponzi Scheme, Money Laundering
Wenxing Huang, a.k.a. “Di Peng”, a.k.a. “Fatty”, Allegedly Promised Investors Their Money Would be Used to Develop Technology Based on Graphene, Took Nearly $7 Million in Purported Ponzi Scheme
Wenxing Huang, a.k.a. “Di Peng”, a.k.a. “Fatty,” 33, the owner of a Brea investment company, allegedly operated a $7 million Ponzi scheme, according to a Federal complaint currently under review by attorneys Jason Kane and Joe Peiffer.
Federal prosecutors allege that Huang told his investors that he was using their money to invest in technology based on graphene, a layer of pure carbon that is only one atom thick.
The Peiffer Wolf securities lawyers are currently investigating Wenxing Huang’s alleged Ponzi scheme.
Wenxing Huang’s Company, Ju Ding, Inc., Allegedly Appeared to Have Not Engaged in Any Business or Sold Any Goods, Charged with Wire Fraud and Money Laundering
Wenxing Huang’s company, Ju Ding, Inc., allegedly did not appear to have engaged in any business or to have sold any goods, according to a Federal Criminal Complaint being examined by attorneys Joe Peiffer and Jason Kane.
Wenxing Huang has been charged with wire fraud and money laundering, which could lead to a maximum of 30 years in federal prison, the Complaint also notes.
The FBI’s investigation included a review of the Ju Ding’s financial statements which allegedly showed that about 400 victims invested $6.9 million, the Complaint reports.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of Ponzi schemes and are currently investigating Wenxing Huang’s alleged Ponzi scheme. 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 Wenxing Huang’s alleged Ponzi scheme are encouraged to contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.