iacrenter
Well-known member
These two Irvine residents were trying to find extra funds to pay for their large mortgage, MR, HOA, and of course Vegas trips
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Per OC Register:http://taxdollars.ocregister.com/2011/11/02/fbi-seeks-victims-in-alleged-irvine-scam/123003/
Irvine residents Jack Hu, 26, and his mother, Kuei Fuang Tsuei Hu, 62, allegedly lured investors in Jack Hu?s London International Group with tales of sponsoring visits to China by former Presidents Bill Clinton and George W. Bush.
In return, they promised, investors would reap as much as 10 percent per month.
A federal grand jury concluded the tales were false and indicted the pair last month for wire fraud. It also indicted Jack Hu for using the great seal of the United States to add authenticity to the scheme. His business card claimed he was ?chairman? of the U.S. Senate Advisory Committee.
Contrary to the promises of high-level diplomacy and high returns, the FBI said, much of the investors? money went to the Hu?s personal expenses, including gambling trips to Las Vegas. The victims were primarily Chinese-Americans.
The indictment lists three wire transfers totalling $310,000 from two accounts in early 2010.
If convicted, the Hus face a maximum of 60 years each in federal prison.
The FBI is looking for other victims. It?s asking victims to call the FBI?s Santa Ana office, 714-542-8825.
Posted in: Fraud ? Justice