SEC
Whistleblower
Attorneys

June 13, 2018

Yin Nan "Michael" Wang, Wendy Ko, Velocity Investment Group, Inc., Bio Profit Series I, LLC, Bio Profit Series II, LLC, Bio Profit Series III, LLC, Bio Profit Series V, LLC, Rockwell Realty Management, Inc.

Offering Fraud

SANCTION AMOUNT: 90896869.57

Defendants: Velocity Investment Group, Inc., Bio Profit Series I, LLC, Bio Profit Series II, LLC, Bio Profit Series III, LLC, Bio Profit Series V, LLC, Rockwell Realty Management, Inc.
Yin Nan "Michael" Wang, Wendy Ko,

Final judgments against a group of companies and their owner/operators used to perpetrate a real estate investment scheme. The companies, directly or indirectly, were purportedly in the business of making real estate-related loans in California, but in reality Wang and Ko used money received from newer investors to make the promised quarterly interest payments to earlier investors in Ponzi-like fashion.

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