Securities and Exchange Commission v. Chen et al, No. 2:2017cv00405 - Document 181 (W.D. Wash. 2022)

Court Description: FINAL JUDGMENT AS TO DEFENDANTS: Defendant Chen shall pay a civil penalty in the amount of $75,000 directly to the Receiver. Defendant ASPI shall pay a civil penalty in the amount of $375,00 directly to the Receiver. Signed by Judge James L. Robart. (LH)

Download PDF
Securities and Exchange Commission v. Chen et al Doc. 181 Case 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 1 of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¶V $PHQGHG &RPSODLQW DJDLQVW $1'< &+,1* )21* &+(1 ³&KHQ´ DQG $(52 63$&( 3257 ,17(51$7,21$/ *5283 ,1& ³$63,´ WRJHWKHU WKH ³'HIHQGDQWV´ DQG 3ODLQWLII DQG 'HIHQGDQWV KDYLQJ DSSHDUHG E\ DQG WKURXJK WKHLU XQGHUVLJQHG DWWRUQH\V DQG WKH &RXUW KDYLQJ FRQVLGHUHG WKH UHFRUGV DQG ILOHV KHUHLQ DQG EHLQJ IXOO\ DGYLVHG LQ WKH SUHPLVHV WKH &RXUW KHUHE\ UXOHV ),1$/ -8'*0(17 FY -/5 Dockets.Justia.com Case 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 2 of 9 , ,7 ,6 +(5(%< 25'(5(' $'-8'*(' $1' '(&5((' WKDW 'HIHQGDQWV &KHQ DQG $63, DUH SHUPDQHQWO\ UHVWUDLQHG DQG HQMRLQHG IURP YLRODWLQJ GLUHFWO\ RU LQGLUHFWO\ 6HFWLRQ E RI WKH 6HFXULWLHV ([FKDQJH $FW RI WKH ³([FKDQJH $FW´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¶ RIILFHUV DJHQWV VHUYDQWV HPSOR\HHV DQG DWWRUQH\V DQG E RWKHU SHUVRQV LQ DFWLYH FRQFHUW RU SDUWLFLSDWLRQ ZLWK 'HIHQGDQWV RU ZLWK DQ\RQH GHVFULEHG LQ D ,, ,7 ,6 +(5(%< )857+(5 25'(5(' $'-8'*(' $1' '(&5((' WKDW 'HIHQGDQWV &KHQ DQG $63, DUH SHUPDQHQWO\ UHVWUDLQHG DQG HQMRLQHG IURP YLRODWLQJ 6HFWLRQ D RI WKH 6HFXULWLHV $FW RI WKH ³6HFXULWLHV $FW´ > 8 6 & T D @ LQ WKH RIIHU RU VDOH RI DQ\ VHFXULW\ E\ WKH XVH RI DQ\ PHDQV RU LQVWUXPHQWV RI WUDQVSRUWDWLRQ RU FRPPXQLFDWLRQ LQ LQWHUVWDWH FRPPHUFH RU E\ XVH RI WKH PDLOV GLUHFWO\ RU LQGLUHFWO\ WR REWDLQ PRQH\ RU SURSHUW\ E\ PHDQV RI DQ\ XQWUXH VWDWHPHQW RI D PDWHULDO IDFW RU DQ\ RPLVVLRQ RI D ),1$/ -8'*0(17 FY -/5 Case 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 3 of 9 PDWHULDO IDFW QHFHVVDU\ LQ RUGHU WR PDNH WKH VWDWHPHQWV PDGH LQ OLJKW RI WKH FLUFXPVWDQFHV XQGHU ZKLFK WKH\ ZHUH PDGH QRW PLVOHDGLQJ ,7 ,6 )857+(5 25'(5(' $'-8'*(' $1' '(&5((' WKDW DV SURYLGHG LQ )HGHUDO 5XOH RI &LYLO 3URFHGXUH G WKH IRUHJRLQJ SDUDJUDSK DOVR ELQGV WKH IROORZLQJ ZKR UHFHLYH DFWXDO QRWLFH RI WKLV )LQDO -XGJPHQW E\ SHUVRQDO VHUYLFH RU RWKHUZLVH D 'HIHQGDQWV¶ RIILFHUV DJHQWV VHUYDQWV HPSOR\HHV DQG DWWRUQH\V DQG E RWKHU SHUVRQV LQ DFWLYH FRQFHUW RU SDUWLFLSDWLRQ ZLWK 'HIHQGDQWV RU ZLWK DQ\RQH GHVFULEHG LQ D ,,, ,7 ,6 )857+(5 25'(5(' $'-8'*(' $1' '(&5((' WKDW SXUVXDQW WR 6HFWLRQ G RI WKH ([FKDQJH $FW > 8 6 & X G @ 'HIHQGDQWV &KHQ DQG $63, DUH SHUPDQHQWO\ UHVWUDLQHG DQG HQMRLQHG IURP DQ\ SDUWLFLSDWLRQ GLUHFWO\ RU LQGLUHFWO\ LQ WKH 8QLWHG 6WDWHV &LWL]HQVKLS DQG ,PPLJUDWLRQ 6HUYLFH¶V (PSOR\PHQW %DVHG 3UHIHUHQFH 3URJUDP (% 8 6 & E ,7 ,6 )857+(5 25'(5(' $'-8'*(' $1' '(&5((' WKDW DV SURYLGHG LQ )HGHUDO 5XOH RI &LYLO 3URFHGXUH G WKH IRUHJRLQJ SDUDJUDSK DOVR ELQGV WKH IROORZLQJ ZKR UHFHLYH DFWXDO QRWLFH RI WKLV )LQDO -XGJPHQW E\ SHUVRQDO VHUYLFH RU RWKHUZLVH D 'HIHQGDQWV¶ RIILFHUV DJHQWV VHUYDQWV HPSOR\HHV DQG DWWRUQH\V DQG E RWKHU SHUVRQV LQ DFWLYH FRQFHUW RU SDUWLFLSDWLRQ ZLWK 'HIHQGDQWV RU ZLWK DQ\RQH GHVFULEHG LQ D ,9 ,7 ,6 +(5(%< )857+(5 25'(5(' $'-8'*(' $1' '(&5((' WKDW 'HIHQGDQWV &KHQ DQG $63, DUH MRLQWO\ DQG VHYHUDOO\ OLDEOH IRU SUHMXGJPHQW LQWHUHVW RI RQ WKH DPRXQW RI SURILWV JDLQHG DQG PDLQWDLQHG E\ 'HIHQGDQWV XQWLO WKH SDUWLDO UHIXQG RI VXFK SURILWV WR LQYHVWRUV ),1$/ -8'*0(17 FY -/5 Case 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 4 of 9 'HIHQGDQWV VKDOO VDWLVI\ WKLV REOLJDWLRQ E\ SD\LQJ WKLV VXP GLUHFWO\ WR *HRII :LQNOHU WKH FRXUW DSSRLQWHG 5HFHLYHU LQ WKLV FDVH ZLWKLQ GD\V DIWHU HQWU\ RI WKLV )LQDO -XGJPHQW 7KH &RPPLVVLRQ PD\ HQIRUFH WKH &RXUW¶V MXGJPHQW IRU GLVJRUJHPHQW DQG SUHMXGJPHQW LQWHUHVW E\ PRYLQJ IRU FLYLO FRQWHPSW DQG RU WKURXJK RWKHU FROOHFWLRQ SURFHGXUHV DXWKRUL]HG E\ ODZ DW DQ\ WLPH DIWHU GD\V IROORZLQJ HQWU\ RI WKLV )LQDO -XGJPHQW 'HIHQGDQWV PD\ WUDQVPLW SD\PHQW HOHFWURQLFDOO\ WR WKH 5HFHLYHU ZKR ZLOO SURYLGH GHWDLOHG $&+ WUDQVIHU )HGZLUH LQVWUXFWLRQV XSRQ UHTXHVW 'HIHQGDQWV PD\ DOVR SD\ E\ FHUWLILHG FKHFN EDQN FDVKLHU¶V FKHFN RU 8QLWHG 6WDWHV SRVWDO PRQH\ RUGHU SD\DEOH WR ³('& ,,, 5HFHLYHUVKLS´ RU ³*HRII :LQNOHU 5HFHLYHU ('& ,,, ´ GHOLYHUHG RU PDLOHG WR *HRII :LQNOHU 5HFHLYHU $PHULFDQ )LGXFLDU\ 6HUYLFHV 1: +R\W 6WUHHW 3RUWODQG 25 DQG VKDOO EH DFFRPSDQLHG E\ D OHWWHU LGHQWLI\LQJ WKH FDVH WLWOH FLYLO DFWLRQ QXPEHU DQG QDPH RI WKLV &RXUW LGHQWLI\LQJ WKH 'HIHQGDQWV DV SDUWLHV WR WKLV DFWLRQ DQG VSHFLI\LQJ WKDW SD\PHQW LV PDGH SXUVXDQW WR WKLV )LQDO -XGJPHQW 'HIHQGDQWV VKDOO VLPXOWDQHRXVO\ WUDQVPLW SKRWRFRSLHV RI HYLGHQFH RI SD\PHQW DQG FDVH LGHQWLI\LQJ LQIRUPDWLRQ WR WKH &RPPLVVLRQ¶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ase 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 5 of 9 GHWDLOHG $&+ WUDQVIHU )HGZLUH LQVWUXFWLRQV XSRQ UHTXHVW 'HIHQGDQWV PD\ DOVR SD\ E\ FHUWLILHG FKHFN EDQN FDVKLHU¶V FKHFN RU 8QLWHG 6WDWHV SRVWDO PRQH\ RUGHU SD\DEOH WR ³('& ,,, 5HFHLYHUVKLS´ RU ³*HRII :LQNOHU 5HFHLYHU ('& ,,, ´ GHOLYHUHG RU PDLOHG WR *HRII :LQNOHU 5HFHLYHU $PHULFDQ )LGXFLDU\ 6HUYLFHV 1: +R\W 6WUHHW 3RUWODQG 25 DQG VKDOO EH DFFRPSDQLHG E\ D OHWWHU LGHQWLI\LQJ WKH FDVH WLWOH FLYLO DFWLRQ QXPEHU DQG QDPH RI WKLV &RXUW LGHQWLI\LQJ WKH 'HIHQGDQWV DV SDUWLHV WR WKLV DFWLRQ DQG VSHFLI\LQJ WKDW SD\PHQW LV PDGH SXUVXDQW WR WKLV )LQDO -XGJPHQW 'HIHQGDQW &KHQ VKDOO VLPXOWDQHRXVO\ WUDQVPLW SKRWRFRSLHV RI HYLGHQFH RI SD\PHQW DQG FDVH LGHQWLI\LQJ LQIRUPDWLRQ WR WKH &RPPLVVLRQ¶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¶V SD\PHQW RI GLVJRUJHPHQW LQ WKLV DFWLRQ DUJXH WKDW KH LV HQWLWOHG WR QRU VKDOO KH IXUWKHU EHQHILW E\ RIIVHW RU UHGXFWLRQ RI VXFK FRPSHQVDWRU\ GDPDJHV DZDUG E\ WKH DPRXQW RI DQ\ SDUW RI 'HIHQGDQW¶V SD\PHQW RI D FLYLO SHQDOW\ LQ WKLV DFWLRQ ³3HQDOW\ 2IIVHW´ ,I WKH FRXUW LQ DQ\ 5HODWHG ,QYHVWRU $FWLRQ JUDQWV VXFK D 3HQDOW\ 2IIVHW 'HIHQGDQW VKDOO ZLWKLQ GD\V DIWHU HQWU\ RI D ILQDO RUGHU JUDQWLQJ WKH 3HQDOW\ 2IIVHW QRWLI\ WKH &RPPLVVLRQ¶V FRXQVHO LQ WKLV DFWLRQ DQG SD\ WKH DPRXQW RI WKH 3HQDOW\ 2IIVHW WR WKH 8QLWHG 6WDWHV 7UHDVXU\ RU WR D )DLU )XQG ),1$/ -8'*0(17 FY -/5 Case 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 6 of 9 DV WKH &RPPLVVLRQ GLUHFWV 6XFK D SD\PHQW VKDOO QRW EH GHHPHG DQ DGGLWLRQDO FLYLO SHQDOW\ DQG VKDOO QRW EH GHHPHG WR FKDQJH WKH DPRXQW RI WKH FLYLO SHQDOW\ LPSRVHG LQ WKLV -XGJPHQW )RU SXUSRVHV RI WKLV SDUDJUDSK D ³5HODWHG ,QYHVWRU $FWLRQ´ PHDQV D SULYDWH GDPDJHV DFWLRQ EURXJKW DJDLQVW 'HIHQGDQW E\ RU RQ EHKDOI RI RQH RU PRUH LQYHVWRUV EDVHG RQ VXEVWDQWLDOO\ WKH VDPH IDFWV DV DOOHJHG LQ WKH &RPSODLQW LQ WKLV DFWLRQ 7KH &RPPLVVLRQ PD\ HQIRUFH WKH &RXUW¶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¶V FKHFN RU 8QLWHG 6WDWHV SRVWDO PRQH\ RUGHU SD\DEOH WR ³('& ,,, 5HFHLYHUVKLS´ RU ³*HRII :LQNOHU 5HFHLYHU ('& ,,, ´ GHOLYHUHG RU PDLOHG WR *HRII :LQNOHU 5HFHLYHU $PHULFDQ )LGXFLDU\ 6HUYLFHV 1: +R\W 6WUHHW 3RUWODQG 25 DQG VKDOO EH DFFRPSDQLHG E\ D OHWWHU LGHQWLI\LQJ WKH FDVH WLWOH FLYLO DFWLRQ QXPEHU DQG QDPH RI WKLV &RXUW LGHQWLI\LQJ WKH 'HIHQGDQWV DV SDUWLHV WR WKLV DFWLRQ DQG VSHFLI\LQJ WKDW SD\PHQW LV PDGH SXUVXDQW WR WKLV )LQDO -XGJPHQW 'HIHQGDQW $63, VKDOO VLPXOWDQHRXVO\ WUDQVPLW SKRWRFRSLHV RI HYLGHQFH RI SD\PHQW DQG FDVH LGHQWLI\LQJ LQIRUPDWLRQ WR WKH &RPPLVVLRQ¶V FRXQVHO LQ WKLV DFWLRQ %\ PDNLQJ WKLV ),1$/ -8'*0(17 FY -/5 Case 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 7 of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¶V SD\PHQW RI GLVJRUJHPHQW LQ WKLV DFWLRQ DUJXH WKDW KH LV HQWLWOHG WR QRU VKDOO KH IXUWKHU EHQHILW E\ RIIVHW RU UHGXFWLRQ RI VXFK FRPSHQVDWRU\ GDPDJHV DZDUG E\ WKH DPRXQW RI DQ\ SDUW RI 'HIHQGDQW¶V SD\PHQW RI D FLYLO SHQDOW\ LQ WKLV DFWLRQ ³3HQDOW\ 2IIVHW´ ,I WKH FRXUW LQ DQ\ 5HODWHG ,QYHVWRU $FWLRQ JUDQWV VXFK D 3HQDOW\ 2IIVHW 'HIHQGDQW VKDOO ZLWKLQ GD\V DIWHU HQWU\ RI D ILQDO RUGHU JUDQWLQJ WKH 3HQDOW\ 2IIVHW QRWLI\ WKH &RPPLVVLRQ¶V FRXQVHO LQ WKLV DFWLRQ DQG SD\ WKH DPRXQW RI WKH 3HQDOW\ 2IIVHW WR WKH 8QLWHG 6WDWHV 7UHDVXU\ RU WR D )DLU )XQG DV WKH &RPPLVVLRQ GLUHFWV 6XFK D SD\PHQW VKDOO QRW EH GHHPHG DQ DGGLWLRQDO FLYLO SHQDOW\ DQG VKDOO QRW EH GHHPHG WR FKDQJH WKH DPRXQW RI WKH FLYLO SHQDOW\ LPSRVHG LQ WKLV -XGJPHQW )RU SXUSRVHV RI WKLV SDUDJUDSK D ³5HODWHG ,QYHVWRU $FWLRQ´ PHDQV D SULYDWH GDPDJHV DFWLRQ EURXJKW DJDLQVW 'HIHQGDQW E\ RU RQ EHKDOI RI RQH RU PRUH LQYHVWRUV EDVHG RQ VXEVWDQWLDOO\ WKH VDPH IDFWV DV DOOHJHG LQ WKH &RPSODLQW LQ WKLV DFWLRQ 7KH &RPPLVVLRQ PD\ HQIRUFH WKH &RXUW¶V SHQDOW\ LPSRVLWLRQ E\ PRYLQJ IRU UHOLHI SXUVXDQW WR WKH )HGHUDO 'HEW &ROOHFWLRQ 3URFHGXUHV $FW 8 6 & HW VHT DW DQ\ WLPH DIWHU GD\V IROORZLQJ HQWU\ RI WKLV )LQDO -XGJPHQW ),1$/ -8'*0(17 FY -/5 Case 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 8 of 9 'HIHQGDQW $63, VKDOO SD\ SRVW MXGJPHQW LQWHUHVW RQ DQ\ GHOLQTXHQW DPRXQWV SXUVXDQW WR 86& 9,, 3XUVXDQW WR WKH )DLU )XQG SURYLVLRQV RI 6HFWLRQ D RI WKH 6DUEDQHV 2[OH\ $FW RI 8 6 & D )DLU )XQG LV HVWDEOLVKHG WR DOORZ IRU WKH GLVWULEXWLRQ RI GLVJRUJHPHQW SUH MXGJPHQW LQWHUHVW DQG SHQDOW\ DPRXQWV VHW IRUWK LQ 6HFWLRQV ,9 9 DQG 9, VXSUD WR LQYHVWRUV LQ :DVKLQJWRQ (FRQRPLF 'HYHORSPHQW &DSLWDO ,,, ³('& ,,,´ 7KH 5HFHLYHU VKDOO KROG WKH IXQGV WKH ³('& ,,, )DLU )XQG´ DQG PD\ GLVWULEXWH WKH IXQGV XQGHU D SODQ VXEPLWWHG E\ WKH 5HFHLYHU RU WKH &RPPLVVLRQ IRU WKH &RXUW¶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ase 2:17-cv-00405-JLR Document 181 Filed 08/16/22 Page 9 of 9 (QWHUHG WKLV WK GD\ RI $XJXVW 81,7(' 67$7(6 ',675,&7 -8'*( BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 7+( +2125$%/( -$0(6 / 52%$57 3UHVHQWHG %\ V *UHJRU\ 1 0LOOHUBBBBBBBBBBBBB *UHJRU\ 1 0LOOHU $VVLVWDQW &KLHI /LWLJDWLRQ &RXQVHO 6HFXULWLHV DQG ([FKDQJH &RPPLVVLRQ ) 6WUHHW 1 ( :DVKLQJWRQ '& PLOOHUJQ#VHF JRY ),1$/ -8'*0(17 FY -/5

Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.