Danny Pang

Danny Pang of The Private Equity Management Group is being charged with defrauding investors out of hundreds of millions of dollars since 2003. In addition to his fraud the SEC complaint says that he lied about his education and prior career saying he was a former senior vice president and technology merger adviser at Morgan Stanley and had an advanced business degree from the University of California at Irvine. It is unknown as of now whether or not Mr. Pang is still in the United States. More can be read at nytimes.com.