Danny Pang the fugitive financier was arrested today. When will they learn? After apparently returning to the U.S. from Taiwan last week he was nabbed in Santa Ana. US regulators accuse him of significant fraud; millions of dollars, perhaps billions of dollars the feds say was stolen from investors. Today the FBI arrested him at his lawyer’s office based on charges that he made many transactions less than $10,000 – totaling $360,000 – to avoid federal regulations to report such his transaction to federal regulators.
And these charges aren’t even related to the charges that may be leveled at his company Private Equity Management (PEM).
Developing…