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SEC Obtains Injunction & Asset Freeze Against Zhunrize and CEO Jeff Pan

SEC Obtains Injunction & Asset Freeze Against Zhunrize and CEO Jeff Pan

SEC Obtains Injunction & Asset Freeze Against Zhunrize and CEO Jeff Pan 150 150 Rex Securities Law

In a litigation release dated September 23, 2014, the SEC announced the filing of an injunctive action in the Northern DIstrict of Georgia against Zhunrize, Inc. and its CEO Jeff Pan.  It obtained a temporary injunction and an order freezing all the defendants’ assets.

According to the complaint, Zhunrize has raised $105 million from 77,000 investors and while purporting to be a legitimate multi-level marketing business by which members purchase online stores and sell merchandise on which they earn commissions, it is actually a fraudulent pyramid scheme.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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