July 24, 2015
The U.S. Securities and Exchange Commission on Friday won a $250 million default judgment against two former executives of China-based Puda Coal Inc. for allegedly defrauding U.S. investors, after the defendants failed to appear in New York federal court to face the claims.
February 24, 2012
Federal regulators on Friday accused two executives of a New York Stock Exchange-listed Chinese coal company of secretly stealing the company's assets and selling them to a Chinese private equity firm, then misleading U.S. investors in a $100 million initial public offering.