Guilty plea copped in $26M scam of Chinese investors in North Texas land deals - Dallas Business Journal

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The plea deal agreed to by businessman Haoqiang Fu, also known as Michael Fu, provides new details about the workings of a scheme that, according to prosecutors, bilked Chinese investors out of more than $26 million.

businessman Haoqiang Fu, also known as Michael Fu, provides new details about the workings of a scheme that, according to prosecutors, bilked Chinese investors out of more than $26 million.

Fu is a Chinese national and permanent resident of the United States who lives in Spring, north of Houston, according to court filings. Barton lives in Dallas, Wall lives in Mansfield, and both are U.S. citizens. Fu could also face deportation and other immigration consequences in a separate proceeding, according to a warning he received in plea documents he signed.

Wall 7, Wall 9, Wall 10, Wall 11, Wall 12, Wall 16, Wall 17, Wall 18 and Wall 19, Fu's signed statement says. Specific numbers deemed unlucky in Chinese culture were avoided in the investment names, federal prosecutors contend in the indictment.” that was part of Fu’s plea deal. The government has spelled out what they allege happened next in other court filings, including the Barton indictment and the parallel SEC civil case.

 

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