December 13, 2016
The former chief financial officer for Chinese fuel-storage company Longwei Petroleum Investment Holding Ltd. must face a fraud suit filed by the U.S. Securities and Exchange Commission, a Florida federal judge ruled Monday, rejecting the executive's argument that the regulators' complaint was faulty.
September 12, 2016
The former chief financial officer for Chinese fuel-storage company Longwei Petroleum Investment Holding Ltd. asked a Florida federal court Friday to dismiss him from a fraud suit filed by the U.S. Securities and Exchange Commission, saying he's being scapegoated.
June 27, 2016
Chinese petro-storage company Longwei Petroleum Investment Holding Ltd. and its Florida-based chief financial officer lied about the size of their storage tanks in press releases and public filings, falsely touting their capacity as a competitive advantage, according to a suit filed by the U.S. Securities and Exchange Commission on Monday.