Chinese companies that went public through a reverse merger continue to be the subject of Commission enforcement actions. This time China Sky One Medical, Inc., along with its chairman, Yan-Qing Liu, were named as defendants in a financial fraud complaint. …
Year: 2012
SEC Brings Three Actions Involving Five Former Stanford Employees
Robert Allen Stanford, the convicted architect of an $8 billion Ponzi scheme centered around Stanford International Bank or SIB, is serving a 110 year prison sentence. Now the Commission has brought three administrative proceedings naming as Respondents five of his …
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