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Litigation

Jul. 10, 2015

SEC accuses company, CEO of securities fraud

The U.S. Securities and Exchange Commission has charged a Fremont-based oil and gas company and its chief executive officer with securities fraud built on a Ponzi-style scheme.


By Phil Johnson


Daily Journal Staff Writer


The U.S. Securities and Exchange Commission has charged a Fremont-based oil and gas
company and its chief executive officer with securities fraud built on a Ponzi-style
scheme.


CEO Bingqing Yang, 44, allegedly targeted Chinese-American and Asian investors while
pumping $68 million into Luca International Group LLC, for...

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