Indicted Financier Danny Pang Dies In California
from bloomberg: Danny Pang, the founder of Private Equity Management Group Inc., who U.S. regulators claim bilked Taiwanese investors, died [sep11], a spokesman for the Pang family said. He was 42. Pang was taken from his Newport Beach, California, home to Hoag Hospital the afternoon of Sept. 11 by paramedics who had responded to a call from the house, said Sergeant Doug Jones of the Newport Beach Police Department. Charles Sipkins, a Pang family spokesman, confirmed the death and declined to comment further. Pang’s lawyer, James Riddet, wasn’t available. Pang, who was free on $1 million bail, pleaded not guilty on July 27 to charges in a separate criminal case that he structured cash withdrawals to avoid having to report them. He was charged in an indictment with two counts of making a total of about 50 withdrawals in amounts of as high as $9,900 to evade a U.S. law that requires reporting cash withdrawals of $10,000 or more. A trial date was set for Sept. 15, though it was postponed last month to August 2010. The U.S. Securities and Exchange Commission accused Pang of lying to Taiwanese investors about his credentials, forging insurance documents and paying existing investors with funds raised from new ones, while claiming the returns came from investments in life insurance policies.
Christopher Kelly, Key Figure in Blagojevich Corruption Probe, Dead
flashbacks: illinois gov arrested for trying to sell obama's senate seat & a bitter end for blagojevich: illinois governor impeached
2 more suspicious deaths surrounding banksters | Media Monarchy
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