U.S. Court Orders China Businessman Jailed for Defying Court-Appointed Receiver and Judge’s Order to Cede Control of the Company to the Receiver
BY U.S. COURT-APPOINTED RECEIVER FOR SINO CLEAN ENERGY INC.
Sino Clean Energy Inc. (NASDAQ “SCEI”) In an unprecedented and potentially ground-breaking ruling to hold a Chinese company accountable for harming investors by going dark on a US public stock exchange, Baowen Ren (“Ren”), the 45 year-old former chairman and CEO of the China-based clean energy company Sino Clean Energy Inc. (“SCEI”) was ordered jailed by Nevada State District Judge Bridgett E. Robb after a hearing in Reno, Nevada on February 16, 2016. Judge Robb ordered Ren in criminal contempt and ordered that a bench warrant