Wen v. Willis

OPINION

WENDY BEETLESTONE, District Judge.

Plaintiff Handong Wen alleges that he was induced by Defendants Foxcode, Inc. (“Foxcode”) and its principal Robert Willis (collectively, the “Defendants”) to invest $4 million in a fraudulent scheme. Wen alleges that he invested money with Foxcode and Willis in a limited liability company created by the parties for Wen’s benefit, but that Foxcode and Willis instead siphoned off most of his investment for their own personal use and profit. He brings seven claims under federal and state securities laws, as well as common law. Before the Court is the…