Tagged with "david hu"

David Hu Arrested and Charged with Running a Ponzi Scheme

Posted on July 20th, 2020 at 3:16 PM
David Hu Arrested and Charged with Running a Ponzi Scheme

Co-founder and managing partner of International Investment Group, David Hu, was arrested and charged with running Ponzi scheme of more than $100 million. Federal authorities accused Hu of overvaluing loans and covering up the scheme with falsified documents and fake entities. According to federal authorities, the scheme has gone on for more than 10 years.  

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