2025-02-11 sec-litreleases judgment 187 KB 4,832 chars

SEC v. Wannian Investment, Inc., No. 1:19-cv-12127, District of Massachusetts (Feb. 11, 2025) — Judgment

raw: FINAL JUDGMENT AS TO RELIEF DEFENDANT WANNIAN INVESTMENT, INC.

FINAL JUDGMENT AS TO RELIEF DEFENDANT WANNIAN INVESTMENT, INC., No. 1:19-cv-12127 (Feb. 11, 2025)

Caption: Securities and Exchange Commission v. Chen

summary

Relief defendant Wannian Investment, Inc. was ordered to disgorge $4,121,754.65 in net profits gained from fraudulent conduct alleged in an SEC enforcement action.

paragraph

The U.S. District Court for the District of Massachusetts entered a final judgment against Wannian Investment, Inc. for its role as a relief defendant. The entity is liable for disgorging $4,121,754.65 representing net profits transferred to it through the alleged misconduct. To satisfy this obligation, the court ordered Citizens Bank to transfer the frozen funds from several specified accounts to the SEC.

narrative

In a securities enforcement action brought by the SEC against Shuang Chen and Weiguo Guan, relief defendant Wannian Investment, Inc. was held liable for disgorging $4,121,754.65. This amount represents net profits gained from the fraudulent conduct alleged in the SEC's amended complaint. The court ordered that the funds be transferred to the Securities and Exchange Commission and subsequently sent to the United States Treasury. To facilitate payment, the court directed Citizens Bank to transfer the specified amount from several frozen accounts held by Wannian Investment, Inc. within three days of being served. By entering this final judgment, the relief defendant consented to the court's jurisdiction and waived its right to appeal. The court retains jurisdiction over the matter to ensure the enforcement of the judgment terms.

Enriched metadata

Scheme: unregistered-securities (80%)
Court: District of Massachusetts
Case No.: 1:19-cv-12127
Disgorgement: $4,121,755

Classified unregistered-securities(confidence 80%). EDGAR detection: forms Form D/S-1· recall 41% / precision 30%. detection rule →

Extracted insights

Dollar amounts 1

$4.12M $4,121,754 $1M–$10M

Entities 7

person amended complaint
organization Citizens Bank
person general appearance
person relief defendant
agency Securities and Exchange Commission
organization Securities and Exchange Commission
company Wannian Investment, Inc.

Triples 11

Securities And Exchange Commission filed Amended Complaint
Wannian Investment, Inc. entered general appearance
Wannian Investment, Inc. consented to Court's jurisdiction
Wannian Investment, Inc. waived findings of fact and conclusions of law
Wannian Investment, Inc. waived right to appeal
Relief Defendant is liable for disgorgement of $4,121,754.65
Relief Defendant shall pay $4,121,754.65 to Securities And Exchange Commission
Securities And Exchange Commission shall send funds to United States Treasury
Commission may enforce Court's judgment for disgorgement
Relief Defendant shall pay post Judgment interest
Citizens Bank shall transfer $4,121,754.65 to Commission

PDF

FINAL JUDGMENT AS TO RELIEF DEFENDANT WANNIAN INVESTMENT, INC. · Source

Text layers

Extracted body text (4,832c)

UNITED STATES DISTRICT COURT
DISTRICT OF MASSACHUSETTS
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
V.
SHUANG CHEN, et al.
WEIGUO GUAN, et al.
Defendants.
Relief Defendants.
No. 19-CV-12127-WGY
FINAL JUDGMENT AS TO RELIEF DEFENDANT WANNIAN INVESTMENT, INC.
The Securities and Exchange Commission having filed an Amended Complaint and
Relief Defendant Wannian Investment, Inc. ("Relief Defendant") having entered a general
appearance; consented to the Court's jurisdiction over Relief Defendant and the subject matter of
this action; consented to entry of this Final Judgment; waived findings of fact and conclusions of
law; and waived any right to appeal from this Final Judgment:
I.
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Relief Defendant is
liable for disgorgement of $4,121,754.65, representing net profits gained as a result of the
conduct alleged in the Amended Complaint that were transferred to Relief Defendant. Relief
Defendant shall satisfy this obligation by paying $4,121,754.65 to the Securities and Exchange
Commission within 30 days after entry of this Final Judgment.
Relief Defendant may transmit payment electronically to the Commission, which will
provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made

directly from a bank account via Pay.gov through the SEC website at
httD://www.sec.gov/about/offices/ofm.htm. Relief Defendant may also pay by certified check,
bank cashier's check, or United States postal money order payable to the Securities and
Exchange Commission, which shall be delivered or mailed to
Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169
and shall be accompanied by a letter identifying the case title, civil action number, and name of
this Court; Wannian Investment, Inc. as a relief defendant in this action; and specifying that
payment is made pursuant to this Final Judgment.
Relief Defendant shall simultaneously transmit photocopies of evidence of payment and
case identifying information to the Commission's counsel in this action. By making this
payment. Relief Defendant relinquishes all legal and equitable right, title, and interest in such
funds and no part of the funds shall be returned to Relief Defendant. The Commission shall send
the funds paid pursuant to this Final Judgment to the United States Treasury. The Court finds
that sending the disgorged funds to the United States Treasury is consistent with equitable
principles.
The Commission may enforce the Court's judgment for disgorgement by using all
collection procedures authorized by law, including, but not limited to, moving for civil contempt
at any time after 30 days following entry of this Final Judgment. Relief Defendant shall pay post
Judgment interest on any amounts due after 30 days of the entry of this Final Judgment pursuant
to 28U.S.C.S 1961.

II.
IT IS FURTHER HEREBY ORDERED, ADJUDGED, AND DECREED that within 3
days after being served with a copy of this Order, Citizens Bank shall transfer $4,121,754.65
from the following Bank account(s) which were frozen pursuant to an Order of this Court to the
Commission:
Account Owner
Acct. Ending in:
Wannian Investment, Inc.
*9574
Wannian Investment, Inc.
*9582
Wannian Investment, Inc.
*9590
Wannian Investment, Inc.
*9892
Wannian Investment, Inc.
*2206
Wannian Investment, Inc.
*4624
Wannian Investment, Inc.
*1662
Citizens Bank may transmit payment electronically to the Commission, which will
provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made
directly from a bank account via Pay.gov through the SEC website at
http://www.sec.gov/about/offices/ofm.htm. Citizens Bank also may transfer these funds by
certified check, bank cashier's check, or United States postal money order payable to the
Securities and Exchange Commission, which shall be delivered or mailed to
Enterprise Services Center
Accounts Receivable Branch
6500 South Mac Arthur Boulevard
Oklahoma City, OK 73169
and shall be accompanied by a letter identifying the case title, civil action number, and name of
this Court; and specifying that payment is made pursuant to this Order.

III.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent is
incorporated herein with the same force and effect as if fully set forth herein, and that Relief
Defendant shall comply with all of the undertakings and agreements set forth therein.
IV.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain
jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment.
V.
There being no Just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil
Procedure, the Clerk is ordered to enter this Final Judgment forthwith and without further notice.
Dated: 2/0 ^
UNITED STATES DISTKICT JUDGE

OCR text (5,219c · tika · 95% conf)

UNITED STATES DISTRICT COURT

DISTRICT OF MASSACHUSETTS

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

SHUANG CHEN, et al.

WEIGUO GUAN, et al.

Defendants.

Relief Defendants.

No. 19-CV-12127-WGY

FINAL JUDGMENT AS TO RELIEF DEFENDANT WANNIAN INVESTMENT, INC.

The Securities and Exchange Commission having filed an Amended Complaint and

Relief Defendant Wannian Investment, Inc. ("Relief Defendant") having entered a general

appearance; consented to the Court's jurisdiction over Relief Defendant and the subject matter of

this action; consented to entry of this Final Judgment; waived findings of fact and conclusions of

law; and waived any right to appeal from this Final Judgment:

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Relief Defendant is

liable for disgorgement of $4,121,754.65, representing net profits gained as a result of the

conduct alleged in the Amended Complaint that were transferred to Relief Defendant. Relief

Defendant shall satisfy this obligation by paying $4,121,754.65 to the Securities and Exchange

Commission within 30 days after entry of this Final Judgment.

Relief Defendant may transmit payment electronically to the Commission, which will

provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made

Case 1:19-cv-12127-WGY Document 221 Filed 02/20/24 Page 1 of 4

directly from a bank account via Pay.gov through the SEC website at

httD://www.sec.gov/about/offices/ofm.htm. Relief Defendant may also pay by certified check,

bank cashier's check, or United States postal money order payable to the Securities and

Exchange Commission, which shall be delivered or mailed to

Enterprise Services Center
Accounts Receivable Branch

6500 South MacArthur Boulevard

Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of

this Court; Wannian Investment, Inc. as a relief defendant in this action; and specifying that

payment is made pursuant to this Final Judgment.

Relief Defendant shall simultaneously transmit photocopies of evidence of payment and

case identifying information to the Commission's counsel in this action. By making this

payment. Relief Defendant relinquishes all legal and equitable right, title, and interest in such

funds and no part of the funds shall be returned to Relief Defendant. The Commission shall send

the funds paid pursuant to this Final Judgment to the United States Treasury. The Court finds

that sending the disgorged funds to the United States Treasury is consistent with equitable

principles.

The Commission may enforce the Court's judgment for disgorgement by using all

collection procedures authorized by law, including, but not limited to, moving for civil contempt

at any time after 30 days following entry of this Final Judgment. Relief Defendant shall pay post

Judgment interest on any amounts due after 30 days of the entry of this Final Judgment pursuant

to 28U.S.C.S 1961.

Case 1:19-cv-12127-WGY Document 221 Filed 02/20/24 Page 2 of 4

II.

IT IS FURTHER HEREBY ORDERED, ADJUDGED, AND DECREED that within 3

days after being served with a copy of this Order, Citizens Bank shall transfer $4,121,754.65

from the following Bank account(s) which were frozen pursuant to an Order of this Court to the

Commission:

Account Owner Acct. Ending in:

Wannian Investment, Inc. *9574

Wannian Investment, Inc. *9582

Wannian Investment, Inc. *9590

Wannian Investment, Inc. *9892

Wannian Investment, Inc. *2206

Wannian Investment, Inc. *4624

Wannian Investment, Inc. *1662

Citizens Bank may transmit payment electronically to the Commission, which will

provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made

directly from a bank account via Pay.gov through the SEC website at

http://www.sec.gov/about/offices/ofm.htm. Citizens Bank also may transfer these funds by

certified check, bank cashier's check, or United States postal money order payable to the

Securities and Exchange Commission, which shall be delivered or mailed to

Enterprise Services Center
Accounts Receivable Branch

6500 South Mac Arthur Boulevard
Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of

this Court; and specifying that payment is made pursuant to this Order.

Case 1:19-cv-12127-WGY Document 221 Filed 02/20/24 Page 3 of 4

III.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent is

incorporated herein with the same force and effect as if fully set forth herein, and that Relief

Defendant shall comply with all of the undertakings and agreements set forth therein.

IV.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain

jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment.

There being no Just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil

Procedure, the Clerk is ordered to enter this Final Judgment forthwith and without further notice.

Dated: 2/0 ̂

UNITED STATES DISTKICT JUDGE

Case 1:19-cv-12127-WGY Document 221 Filed 02/20/24 Page 4 of 4

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