FBI agents arrested Huang: Ju Ding Ponzi scheme scam


May 8, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News



FBI agents arrested Huang: Ju Ding Ponzi scheme scam

Owner of Ju Ding Ponzi scheme arrested

Posted: 05 May 2016 08:51 PM PDT

When BehindMLM reviewed Ju Ding back in late 2013, we were unable to establish who was running the scheme. Links between Ju Ding and Phil Ming Xu’s WCM777 were observed, but nothing concrete on who explicitly was behind Ju Ding. Turns out Wenxing Huang (also known as “Di Peng” and “Fatty”), a resident of San [Continue reading…] Source: Owner of Ju Ding Ponzi scheme arrested

Huang operated Ju Ding, Inc., which solicited funds from investors with false promises that their money would be used to invest in and develop technology based on graphene, which is a layer of pure carbon that is only one atom thick.

But, according to the complaint, Ju Ding does not appear to have engaged in any business or to have sold any goods.

Huang used approximately half of the funds deposited with Ju Ding to purchase a $1.3 million home in Diamond Bar, luxury automobiles and jewelry.

Huang is charged with money laundering for allegedly using approximately $1.2 million in investor funds to purchase the Diamond Bar home, which has since been sold.

“Mr. Huang misled hundreds of investors with get-rich-quick promises decorated with fancy cars and parties,” said United States Attorney Eileen M. Decker.

“Extravagant promises of instant wealth are almost assuredly frauds, and potential investors should be especially wary of lavish pitches such as those employed by Mr. Huang.”

Read the full article and join in the discussion over at BehindMLM.

Best Places Advertise Free Top Surfer

Click Here For Prospects Pay YOU $10 So You Can Advertise To Them

Live Internet Affiliate Marketing, MLM, Social Networking Training…

Using Blab & Twitter Periscope

Join Harvey The Silver Fox & Marty Bostick for Live Internet Affiliate Marketing Social Networking Training. They will be training for Joint Ventures, Business Building Tips, Affiliate Income Tips, Mobile Marketing, SEO Optimization, Video Marketing, Email Marketing, Directory Listing Optimization, Google Listing Optimization, Google Adwords Management, Website Traffic, Lead Capture Pages, AutoResponders, Email Marketing, Proper Web Design, Working With WordPress, Marketing Automation, Blogging, 1st Page Google Ranking, CoOp Marketing, Lead Generation, Telemarketing, Voice Broadcasting, List Building, Link Tracking, Tracking Phone Numbers, Rotators, Google PLUS, How To Use Twitter Periscope To Build Your Biz, How To Use BLAB To Build Your Biz, and more…

Catch Marty on Periscope using the button below…

Best Places Advertise Free Periscope Click Here

Comments

The owner of this website is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon properties including, but not limited to, amazon.com, endless.com, myhabit.com, smallparts.com, or amazonwireless.com.
Home Privacy Policy Terms Of Use Contact Us Affiliate Disclosure DMCA Earnings Disclaimer