CKB168 was a $200 million MLM pyramid scheme that focused Asian-Individuals within the US. Overseas, the vast majority of CKB168 victims have been primarily based in China.
The SEC shut down CKB168 all the best way again in 2013. In complete sixteen CKB168 executives and prime promoters have been sued.
Parallel prison prices have been additionally filed by the DOJ in 2015.
Through the years a number of CKB168 defendants settled the fraud prices.
Now, 9 years later, the SEC has lastly secured remaining judgment towards the remaining non-settling defendants.
BehindMLM has been loosely monitoring CKB168 proceedings through the years. We didn’t evaluate CKB168 formally, which I consider was as a result of it primarily focusing on Chinese language-speaking victims.
As of January 2022, BehindMLM was conscious of three CKB168 settlements; Cheongwha “Heywood” Chang and Toni Tong Chen for $2,101,949.81 collectively, and and Heidi Mao for $784,729.
Right here’s an inventory of the remaining settlements, together with the latest remaining judgments, as supplied by the SEC in an August twelfth press-release;
- CKB, WIN, CKB168, Biz Answer, and Cyber Youngsters, along with CKB executives, Hung Wai “Howard” Shern and Rui Ling “Florence” Leung are collectively up for $178,749,545;
- Shern and Leung are up for a further $13.7 million in penalties every;
- Daliang “David” Guo and Rosanna LS Inc. are collectively responsible for $5.1 million;
- Yao Lin and Ouni Worldwide buying and selling Inc. are up for $2.35 million;
- Lin is up for a further $1.89 million in penalties;
- Joan Congyi “JC” Ma is up for $1.95 million; and
- Rayla Melchor Santos is up for $1.04 million
In parallel CKB168 prison proceedings;
- Daliang “David” Guo was sentenced to 144 months in jail in June 2019;
- Wen Chen “Wendy” Lee was sentenced to 21 months in jail;
- Chih Hsuan “Kiki” Lin was sentenced to 37 months in jail;
- Cheong Wha “Heywood” Chang was sentenced to 12 months in jail in 2016; and
- Toni Tong Chen (Chang’s spouse) was sentenced to twenty months in jail, additionally in 2016
Aside from Guo, the entire CKB168 prison defendants plead responsible. Guo was discovered responsible by a federal jury in 2018.