Securities & Exchange Commission v. Liu

ORDER GRANTING PLAINTIFF’S MOTION FOR SUMMARY JUDGMENT AGAINST DEFENDANTS LIU AND WANG

CORMAC J. CARNEY UNITED STATES DISTRICT JUDGE

I. INTRODUCTION

Defendant Charles C. Liu formed and controlled three corporate entities, Beverly Proton Center, LLC (“Beverly Proton”), Pacific Proton EB 5 Fund LLC (“PPEB5 Fund”), and Pacific Proton Therapy Regional Center (“Pacific Proton”) (together with PPEB5 Fund and • Beverly Proton, “Corporate Defendants”), purportedly to build and operate a proton therapy cancer treatment center in southern California. Liu financed the cancer center with neaiiy $27 million…