July 20, 2020 BY Steffy Bogdanova
SEC charges co-founder of IIG with fraud for involvement in a $60 million Ponzi scheme
Sanjay Wadhwa, Senior Associate Director of the SEC's New York Regional Office said: As alleged, Hu's deception caused substantial losses to a retail mutual fund, and other funds IIG advised. The SEC remains committed to holding accountable individual wrongdoers who seek to take advantage of investors for personal gain, including when they employ elaborate means…
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