SAN JOSE, CALIF.(CN) - Terchi Liao aka Nelson Liao and his companies, AOB Commerce and AOB Asia Fund I LLC defrauded investors of more than $45 million in unregistered offerings of promissory notes in a Ponzi scheme, fraudulently promising to pay guaranteed rates of return, the SEC claims in Federal Court. Defendants include AOB Management, AOB Media, AOB Transportation, and AOB Vacations. See complaint.
Categories / Uncategorized
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.