SEC
Whistleblower
Advocates

February 01, 2016

eAdGear Holdings Limited, eAdGear, Inc., Charles S. Wang, Francis Y. Yuen, Qian Cathy Zhang, Laurata Chan

Offering Fraud

SANCTION AMOUNT: $26,539,280

Defendants: eAdGear Holdings Limited, eAdGear, Inc.
Charles S. Wang, Francis Y. Yuen, Qian Cathy Zhang, Laurata Chan

Sanction comprised of consent judgments in case alleging that defendants operated an international pyramid scheme and fraudulently raised more than $129 million. Company at top of pyramid apparently had no sources of revenue other than invesments. Investment money used in part to purchase million-dollar homes for individual defendants.

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