Seiden Law Group Sues Fraudster Who Stole Over $1 Billion From Chinese Investors
NEW YORK,Dec. 20, 2022/PRNewswire/ -- On2022年12月12日, Seiden Law Group ("SLG") filed a massive lawsuit inNew York statecourt againstXueyuan Han, the disgraced founder and controller of the Hanfor organization which has been exposed as a fraud by Chinese authorities.
The lawsuit alleges that Han, aNew Yorkresident, looted over$1 billionin investor funds inChinaand diverted them to accounts that he exclusively controls, including inNew York.SLG represents a group of over ninety institutional and individual investors who collectively lost at least$50 millionin the fraud.
Between 2006 and 2018, Han built an investment management empire inChinathat at its height managed approximately$13 billionin assets. In late 2018, the fraudulent conduct of Han's empire was exposed in a nationwide Chinese government crackdown. InSeptember 2018, just as the Chinese criminal investigations began, Han secretly fledChinaforNew York, where he has resided ever since.
InApril 2022, aBeijingcourt entered criminal convictions of Han's entities and associates. TheBeijingcourt found that approximately$1.4 billionin investor funds "disappeared" from an account exclusively controlled by Han.
SLG's lawyers have vast experience in high-stakesChina-related disputes, including罗伯特来自who has been appointed Receiver over dozens of Chinese companies and recovered many millions,Amiad Kushnerwho won hundreds of millions on behalf of a large Chinese insurer in aHong Kongarbitration, and Xintong Zhang, who is admitted in the US andChinaand has vast experience in Chinese courts. SLG'sChinapractice team worked with diverse groups of investors inChinato uncover evidence, investigate this fraud and ultimately file this hard-hitting lawsuit to recover the money.
Seiden律师集团LLP)来源
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