Defendant Name:
Fuqi International, Inc.
Defendant Type:
Public Company
Document Reference:
LR-22739
Document Details
Legal Case Name
SEC v. Fuqi International, inc. and Yu Kwai Chong
Document Name
SEC Files Fraud Charges Against Fuqi International, Inc. and Its Chairman and Former CEO and President Yu Kwai Chong
Document Date
01-Jul-2013
Document Format
Civil Proceeding
Case Number
13-cv-00995
Federal District Court
District of Columbia, District of Columbia
AAER
3483
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Other Defendants in Action: