Crime & Public Safety

DOJ Seizes $214 Million From Alleged Chinese Stock Scheme

A judge’s order allows the government to return the funds to the victims.
DOJ Seizes $214 Million From Alleged Chinese Stock Scheme
The crest of the United States Department of Justice is seen at their headquarters in Washington on May 10, 2021. Reuters/Andrew Kelly/File Photo/File Photo
Catherine Yang
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The U.S. Attorney’s Office, Northern District of Illinois, seized $214 million in an ongoing case alleging that seven people defrauded investors by manipulating shares of China Liberal Education Holdings, Ltd. (CLEU), which can now be returned to victims.

“Our attorneys and staff in this case placed a high priority on recovering funds for victims,” U.S. Attorney for the Northern District of Illinois Andrew Boutros said on May 28.
Catherine Yang
Catherine Yang
Author
Catherine Yang has been with The Epoch Times in New York since 2008. She also launched and previously served as chief editor of American Essence magazine and Epoch Health.