Defendant Name:
China Sky One Medical, Inc.
Defendant Type:
Public Company
Document Reference:
2012-175
Document Details
Legal Case Name
SEC v. China Sky One Medical, Inc. and Yau-Qing Liu
Document Name
SEC Charges China-Based Company and Top Executive with Inflating Financial Results through Phony Sales
Document Date
04-Sep-2012
Document Format
Civil Proceeding
Case Number
12-cv-07543
Federal District Court
California, Central District of California
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 4, 2012, the SEC charged China Sky One Medical Inc. and its chief executive with fraud for recording fake sales of a weight loss product. The SEC alleges that China Sky One Medical falsely stated in 2007 annual and quarterly reports that it had entered into a strategic distribution scheme with a Malaysian company that would become an exclusive distributor of a product; the deal never took place.
Other Defendants in Action:
