Tag: Blake Yeung Pu Lei

SEC Charges China-Based QZ Asset Management in $6 Million Fraud Scheme

SEC Charlene Lensburg -
The U.S. Securities and Exchange Commission (SEC) has charged China-based QZ Asset Management and its CEO with defrauding investors out of at least $6 million through false claims about investment safety and fake ties with reputable banks and law firms. The lawsuit is interesting because the SEC states that it cannot determine the identity of CEO Blake Yeung Pu Lei, who is allegedly 37 years old, nor does it know his whereabouts.