The U.S. Securities and Exchange Commission sued Ifresh Inc. and its CEO Long Deng Tuesday in New York Eastern District Court. The complaint alleges financial reporting violations, including failing to disclose $12 million in payments from an entity controlled by Deng's sibling. Lawyers have not yet appeared for the defendants. The case is 1:22-cv-03200, United States Securities and Exchange Commission v. Ifresh, Inc. et al.
Government
May 31, 2022, 8:40 PM