RINO, Execs Pay $3.5M To Settle SEC Skimming Suit

Law360, New York (May 15, 2013, 3:42 PM EDT) -- Project finance company RINO International Corp. and two executives on Wednesday reached a settlement worth more than $3.5 million with the U.S. Securities and Exchange Commission over allegations the executives spent millions skimmed off of a securities offering for luxury purchases.

According to a complaint and settlement documents filed simultaneously in D.C. federal court, RINO CEO Dejun “David” Zou and board chairman Jianping “Amy” Qiu used proceeds from a $150 million primary securities offering to buy a $3.5 million home in Orange County, Calif., cars and...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

SECURITIES AND EXCHANGE COMMISSION v. RINO INTERNATIONAL CORPORATION et al


Case Number

1:13-cv-00711

Court

District Of Columbia

Nature of Suit

Securities/Commodities

Judge

Emmet G. Sullivan

Date Filed

May 15, 2013

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.