Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Saturday, June 15, 2024 | Back issues
Courthouse News Service Courthouse News Service

SEC Busts Alleged $45 Million Scam

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.

Loading...