Civil Litigation
Mar. 14, 2018
Judge lets stand some allegations against president of a cryptocurrency company
A Los Angeles County judge dismissed most causes of action against a defendant in an alleged $100 million cryptocurrency Ponzi scheme but left intact other serious allegations.
LOS ANGELES -- A superior court judge on Tuesday dismissed most causes of action against a defendant in an alleged $100 million cryptocurrency Ponzi scheme but left intact other serious allegations.
Solomon Yang, who presented himself as president and co-founder of digital currency company USFIA, is named in a class action claiming the Arcadia-based shell company duped vulnerable investors into buying a worthless cryptocurrency call...
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