Wenxing Huang—Investment Fraud, Ponzi Scheme, Money Laundering

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

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.

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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.