Defendant Name: Fuqi International, Inc.

Defendant Type: Public Company
SIC Code: 3911
CUSIP: 36102A20

Initial Case Details

Legal Case Name SEC v. Fuqi International, inc. and Yu Kwai Chong
First Document Date 01-Jul-2013
Initial Filing Format Civil Proceeding
Case Number 13-cv-00995
Allegation Type Issuer Reporting and Disclosure
Federal District Court District of Columbia, District of Columbia

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 13(b)(5)
Additionally, Yu Kwai Chong is alleged to have aided and abetted Fuqi International, Inc.'s violation of Rule 12b-20 of the Exchange Act (willfully/knowingly).
Yu Kwai Chong is alleged to have aided and abetted Fuqi International, Inc.'s violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
Yu Kwai Chong is alleged to have aided and abetted Fuqi International, Inc.'s violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
Yu Kwai Chong is alleged to have aided and abetted Fuqi International, Inc.'s violation of Rule 13a-11 of the Exchange Act (willfully/knowingly).
Yu Kwai Chong is alleged to have aided and abetted Fuqi International, Inc.'s violation of Rule 13a-13 of the Exchange Act (willfully/knowingly).
Yu Kwai Chong is alleged to have aided and abetted Fuqi International, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act (willfully/knowingly).
Yu Kwai Chong is alleged to have aided and abetted Fuqi International, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act (willfully/knowingly).

Resolutions

First Resolution Date 01-Jul-2013
Headline Total Penalty and Disgorgement $1,150,000

Related Documents:

comp22739 01-Jul-2013 Complaint
Complaint
On July 1, 2013, the SEC filed a complaint alleging that "a China-based jewelry company, Fuqi International, Inc. and its Chairman of Board and former CEO and President Yu Kwai Chong fraudulently failed to disclose over 50 cash transfers totaling approximately $134 million to purportedly unknown third parties."
LR-22739 01-Jul-2013 Litigation Release
SEC Files Fraud Charges Against Fuqi International, Inc. and Its Chairman and Former CEO and President Yu Kwai Chong
On July 1, 2013 the SEC announced that "the filing of fraud charges against Fuqi International, Inc., a China-based jewelry company, and its Chairman of the Board of Directors and former CEO and President, Yu Kwai Chong. Fuqi and Chong have agreed to settle the SEC's claims against them. The SEC alleged that Fuqi and Chong failed to disclose cash transfers of approximately $134 million to three purportedly unknown entities."
court_doc10_13-cv-00995 07-Aug-2013 Court Docket Document
Final Judgment as to Defendant Fuqi International, Inc.
On August 6, 2013, Federal District Judge Rudolph Contreras entered final judgment against Fuqi International, Inc. pursuant to the consent of Fuqi International, Inc.

Other Defendants in Action:

Yu Kwai Chong