Fraud Alert – Pinupito Inc. Running $8 Million Ponzi Scheme

The chairman of an ‘Irvine investment’ firm and his girlfriend were arrested this morning on federal wire fraud charges that accuse them of running a Ponzi scheme that collected $8 million from approximately 60 Korean-American victims who lived throughout California. Euirang Hwang, 36, and Sang Yi, 39, were arrested without incident at a house in [...]