Defendant Name: China Sky One Medical, Inc.

Defendant Type: Public Company

Document Reference: LR-22470

Document Details

Legal Case Name SEC v. China Sky One Medical, Inc. and Yan-qing Liu
Document Name SEC Charges China Sky One Medical 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
AAER 3404
Allegation Type Issuer Reporting and Disclosure
Document Summary On September 4, 2012, the SEC issued a litigation release announcing that it charged China Sky One Medical, Inc. and its CEO and chairman "with fraud for recording fake sales of a weight loss product to inflate revenues in the company's financial statements by millions of dollars."

Related Documents:

comp-pr2012-175 04-Sep-2012 Complaint
Complaint for Violations of the Federal Securities Laws
On September 4, 2012, the SEC filed a complaint against China Sky One Medical, Inc. and its Chairman, CEO and president, Yan-qing Liu. According to the complaint, "This is a financial fraud case involving the fabrication of export sales and material overstatement of financial results for 2007 and 2008...."
2012-175 04-Sep-2012 Press Release--Civil Action
SEC Charges China-Based Company and Top Executive with Inflating Financial Results through Phony Sales
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.
court_doc21_12-cv-07543 03-Mar-2015 Court Docket Document
Final Judgment of Permanent Injunction and Other Relief Against Defendants China Sky One Medical, Inc. and Yan-qing Liu
On March 3, 2015, Judge Michael W. Fitzgerald entered Final Judgment against China Sky One Medical, Inc. and Yan-qing Liu. The Final Judgment was pursuant to a motion by the SEC for Entry of Final Judgment by Default Against Defendants China Sky One Medical, Inc. and Yan-qing Liu.

Other Defendants in Action:

Yan-Qing Lu

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