Danny Pang was an American financier and businessman. He worked as the founder of the Private Equity Management Group, Inc. and the Private Equity Management Group, which challenged to achieve $4 billion. The stocks were bought mainly on the support of Taiwanese investors, in American protection, timeshare investments, and security policies. He was caught by the FBI in 2009, for housing cash purchases to dodge a $10,000 reporting inception, which has a supreme ten-year prison order. The U.S. Securities and The Exchange Commission in a civil group claimed that he ran a Ponzi system and exaggerated his experience to investors, by declaring that he had obtained the position of a vice-president at Morgan Stanley and owned an MBA degree from the University of California. The SEC stated on April that it had received a stop on the assets of Pang and his two sets, as well as an arrangement to turn in his papers. His former associate, Nasar Aboubakare, has also alleged in a lawsuit that the set was a Ponzi scheme. Pang was restricted to his residence on bail. His criminal case was delayed till 2010.
Articles about the Pang's dishonest life were presented in the television show American Greed. His story was featured in the 5th season episode: "The Fraudster, The Ex-Stripper, And The Missing Millions".
He was born on December 15,1966 in Taiwan where he went to the famous Middle School Lih-Jen International Private Elementary. He traveled to the U.S. as a teenager, becoming a national citizen in 1990.
In 1986 he went to the University of California, throughout the summer session. According to the leading daily, he grew as a student leader at the institution, being chosen as the chairman of the Asian Pacific Student & Staff Association.
Later in 1997, his first wife, Janie Louise Pang, was killed in the Villa Park house, probably by a contract killer, after she took action toward a separation with him. A lawyer who had served in Danny Pang was jailed for the murder, but his lawsuit resulted in a hung board. Pang was on a profession trip during the death but begged his Fifth Amendment rights to dodge his appearance at the trial. At the trial, the defense showed the police and Federal Bureau of Investigation memorandum proposing that Pang had links to Taiwanese associated crime. Pang said he had no links to his wife's killing or to associate crime ties. He later remarried.
Pang had 2 kids. Danny Jr. from his initial marriage with Janie Louise. The younger one is a girl from his 2nd marriage. A leading daily informed that Pang passed away at a Newport Beach hospital in 2009. Policemen reported that they obtained a statement of a dead body near Pang's house at 3:41 pm, in September 2009. Paramedics drove him to Hoag Memorial Hospital Presbyterian, where he was kept in the cardiac care unit. Police crime scene detectives removed 4 to 5 bags of proof from Pang's house.He died on September12,2009.