CKB168 was a $200 million MLM pyramid scheme that focused Asian-Individuals within the US. Overseas, the vast majority of CKB168 victims had been primarily based in China.
The SEC shut down CKB168 all the way in which again in 2013. In whole sixteen CKB168 executives and prime promoters had been sued.
Parallel prison fees had been additionally filed by the DOJ in 2015.
Over time a number of CKB168 defendants settled the fraud fees.
Now, 9 years later, the SEC has lastly secured last judgment towards the remaining non-settling defendants.
BehindMLM has been loosely monitoring CKB168 proceedings over time. We didn’t evaluate CKB168 formally, which I imagine was because of it primarily concentrating 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 last judgments, as offered by the SEC in an August twelfth press-release;
- CKB, WIN, CKB168, Biz Resolution, and Cyber Children, 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 chargeable 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
Apart from Guo, all the CKB168 prison defendants plead responsible. Guo was discovered responsible by a federal jury in 2018.
