BY SEIDEN LAW GROUP | NEW YORK, NEW YORK June 2021 Millions of life-saving masks that were intended for Puget Sound Veterans Hospital during the peak of the COVID pandemic in late 2020, never arrived. A Middle Eastern citizen operating via a Canadian and Middle Eastern company settled a claim this week brought by Seiden Law Group LLP on behalf of Oklahoma-based Asset Group Inc. for the alleged theft of millions of dollars. The defendant had taken tens of millions of dollars from Asset Group and a publicly-traded company as part of a multi-jurisdictional PPE fraud. A search of the…

BY MICHAEL RAPOPORT | Institutional Investor ‘They’d Find Fraud, Fraud, Fraud.’ JULY 22, 2020 A small group of short sellers, spurned investors, a former journalist,and an ex-prosecutor are intent on revealing large-scale fraud in China. The story of Chinese fraud goes back a decade and a half, to the mid-2000s, when a wave of Chinese companies rolled onto U.S. exchanges via a backdoor maneuver known as “reverse mergers.” Chinese companies would merge with a U.S. shell company and take over its public listing, gaining access to American exchanges, trading, and investors — all without the regulatory scrutiny a traditional initial public…

On February 4, 2020, Cayman Islands Judge, the Honorable Margaret Ramsay-Hale ruled in favor of Robert W. Seiden, Esq., recognizing his capacity as temporary receiver over the parent company Link Motion Inc. (“LKM”), a U.S. company previously listed on the New York Stock Exchange. This ruling effectively named Robert Seiden, of New York-based Seiden Law Group LLP, the first-ever U.S. receiver over a Cayman Islands company. The ruling can be read in full in the link below.

EXCERPT FROM Strategies for Asset Recovery from Mainland China BY HENRY W. LONGLEY | TEMPLE INT’L & COMP. L.J. A. Sino Clean Energy, Inc. v. Seiden—Corporate Governance Strategy in Action In May 2014, a Nevada state court appointed Robert Seiden, Esquire,(171) the receiver of Sino Clean Energy, Inc. (Sino), after a group of U.S. investors requested the appointment when Sino went dark and caused economic losses.(172) Sino is a Chinese Reverse Merger holding firm incorporated in Nevada with subsidiaries in Mainland China that produce coal-water slurry.(173) The Sino bankruptcy case synthesizes the corporate governance strategy in the Chinese Reverse Merger…

A Wine Ponzi Scheme Targeted New York’s Most Powerful Enophiles, Clients Allege BY MITCH FRANK | Wine Spectator Omar Khan organized dinners with top chefs and rare vintage wines. Now several clients allege that he’s a fraud who took their money Sep 9, 2019: For wine lovers and executives, the dinners were sorely tempting: dishes cooked by some of the world’s top chefs (Daniel Boulud, Tom Colicchio, Daniel Humm), paired with some of the rarest wines in the world (Domaine de la Romanée-Conti, Cheval-Blanc, Dom Pérignon) and featuring business-savvy speakers. Since 2013, the International Business & Wine Society (IB&WS) has…

DA’s office probing wine consultant accused of scamming Wall Street elite BY KEVIN DUGAN | New York Post A wine-loving business consultant accused of bilking Wall Street highfliers out of millions is being probed by the Manhattan District Attorney’s Office, The Post has learned. Prosecutors in the DA’s Major Economic Crimes bureau have met with multiple alleged victims of Omar Khan over allegations that he swindled Wall Street bigwigs and other wealthy New Yorkers out of millions for wine events that never happened, sources said. Specifically, the top prosecutor is looking at claims that Khan once doctored an e-mail from the office…

High-profile Wall Streeters hit by ‘Ponzi-like’ wine scam: lawsuit BY KEVIN DUGAN | New York Post A New York business consultant known for throwing lavish wine parties at five-star eateries like Daniel has bilked a cadre of Wall Street bigwigs out of millions, according to a shocking new lawsuit. Omar Khan, who runs the Sensei International consulting firm on Park Avenue, used his fancy Rolodex to stage wine-fueled shindigs that lured more than a dozen captains of industry into a “Ponzi-like scheme,” according to the lawsuit filed in New York State Supreme Court on Wednesday. The suit claims Khan met…