September 1 , 2015- Los Angeles/ Houston
The FBI announced the indictment of Stephen Young Kang, 46, of Newport Beach, CA and Houston, Texas, who is charged with wire fraud and money laundering.
According to the indictment, Kang defrauded Ottogi America, a food distribution company out of $3.7 million and other victims who believed the money they entrusted him with would be used for various business purposes. Instead it was used for his personal purposes and to pay distributions to prior investors to give the illusion of a profitable venture.
Local sources report that Kang maintained a law office office in the Houston Galleria.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are 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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