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News Release: 00-05

GRAY DAVIS, Governor
Date: 03/22/00

WILLIAM KENEFICK, Acting Commissioner

FOREIGN CURRENCY EXCHANGE SCAMS Fact Sheet

ENFORCEMENT ACTIONS

 

Calexi, Inc
Syed Falsal Khalid
Nawab Ali Khan
Marie Ashdijian
1300 East Main Street
Alhambra, CA 91801
Status: Desist and Refrain Order issued February 24, 2000.
Welink Incorporated
Welink Investments, Inc.
Charlie Kwon
Marie Ashdijian
David Lau
Murphy Liu
Tong Zhou Liu
Wei Liu
Henry Homayoun Sadr-Arham
Tommy Tsap
Ho Ming Yau
501 S. New Hampshire, Ste. 258
Los Angeles, CA 90020
OR 3435 Wilshire Blvd., Ste. 2880
Los Angeles, CA 90010
Status: Desist and Refrain Order issued November 15, 1999.
Morgan Sterling Currency Exchange, Inc.
William D. Atkins II
13463 Palm Street
Hesperia, CA 92345
Status: Desist and Refrain Order issued September 27, 1999.
Four X Corporation
Samuel S. Lee
3350 Wilshire Blvd. #945
Los Angeles, CA
Status: Desist and Refrain Order issued July 26, 1999.
International Data Link
Feraidon Alizadeh
Fred Alizadeh
Alex Moghtaderi
Website: www.intldatalink.com
16661 Ventura Blvd., #530
Encino, CA 91436
Status: Desist and Refrain Order issued March 21, 2000.
Midland Euro-Exchange Trust
Zvi Leichner
Website: www.midlandeuro.com
2040 Avenue of the Stars
Los Angeles, CA 90067
Status: Desist and Refrain Order issued March 21, 2000.
American Forex Company
American Company
David Dediachvili
Website: www.americanforex.com
988 Market Street, Suite 603
San Francisco, CA 94102 or
P.O. Box 513
Dighton, MA 02715 or
55 Dias Court
El Sobrante, CA 94803-2607
Statutes violated: California Commodity Law of 1990; Corporations Code sections 29520 and 29536
Status: Desist and Refrain Order issued March 21, 2000.
Century Trading, LLC
Frank Chu
John Chen
Johnny Chungming Chan
Thi My Van Nguyen, aka Yvonne Nguyen
Peter Pham
Thuong Phom Nguyen
Phuong Dong Nguyen
1788 Technology Drive
San Jose, CA 95110
Statutes violated: California Commodity Law of 1990; Corporations Code sections 29520 and 29536.
Status: Desist and Refrain Order issued March 21, 2000.
International Exchange, Inc.
International Exchange Corporation
Anthony Laporta
155 SE. Mizner Blvd., Suite 16B
Boca Raton, FL 33432
Statutes violated: California Commodity Law of 1990; Corporations Code sections 29520 and 29536.
Status: Desist and Refrain Order issued March 21, 2000.
Tina Subana aka Suhartina Subana
San Jose, CA
Statutes violated: Corporate Securities Law of 1968; Corporations Code sections 25110, 25401, 25540 and 25541.
Status: Subject was arrested in April, 1999 on a 68-count felony complaint, 48 of which were felony counts of securities violations. Subject was convicted of 76 crimes in connection with her marketing of the opportunity to invest in foreign currency trading.
DJ Financial Services
DJ Trading and Financial Services
Jenovar Company Trust
OmegaFX-USA, Inc.
Omega Resources
Dolores Juntilla
Gregory Juntilla
Divina Ingua Dy, aka Dina Dy
Website: www.omegafxusa.com
355 Gellert Blvd. #240
Daly City, CA 94015 or
5000 Westheimer Road, Suite 154
Houston, TX 77056
Statutes violated: California Commodity Law of 1990; Corporations Code sections 29520 and 29536.
Status: Upon agreement with the Department of Corporations, subjects dissolved all California operations and swore, under penalty of perjury, that they would not offer or sell commodities to any California domiciliaries.
Hamzy Hasan Shirry
1 Daniel Burnham Ct. #150C
San Francisco, CA 94109
Status: Subject was arrested on a felony complaint detailing multiple violations of the Corporate Securities Law of 1968; Corporations Code sections 25110, 25401, 25541 and the California Commodity Law of 1990; Corporations Code sections 29520 and 29536. Trial was conducted in June 2001 in San Francisco County. Subject's motion for mistrial was granted.
Y&T, Inc., dba Tokyo International Investment, Ltd.
Eastern Vanguard Forex Limited
Eastern Traders (H.K.), Ltd.
Tokyo Commodity (Bullion & Forex) Limited
Wing Ming Tam
Lee Chun Wing, aka Sammy Lee Chun Wing
To Fai Cheng, aka Derek To Fai
Cheng aka Cheng To Fai
Hung Tai Sum aka Hong Tai Sum
Suen Suk Tak aka Peter Suen Suk
Tak aka Suk Tak Suen
Lung Siu Hung aka Percy Lung Siu Hung aka Percy Lung
Kiran Sharma aka David Kiran Sharma
Cho Hung Yam aka Alwin Cho
Hung Yam aka Yam Cho Hung aka Alwin Yam
Guo Quan Zhang
Run Ping Zhou aka Flora Zhou
Michael E. Cho aka Michael Eung Suk Cho
Paul Khong aka Siew Poh Khong
Website: www.tokyoforex.com
1800 Van Ness Avenue, 2nd Floor
San Francisco, CA 94109
Statutes violated: Corporate Securities Law of 1968; Corporations Code sections 25110, 25401, 25541, California Commodity Law of 1990; Corporations Code sections 29520, 29536, and California Financial Lenders Law; Financial Code section 22100.
Status:Ex Parte Order Freezing Assets, Temporary Restraining Order and Order Appointing Receiver was issued March 21, 2000 against above-listed subjects.
Chun Ming Chew aka Chew Chun Ming
Steve Chan
Pradheep Chaudhry
Min K. Cho
Hanna F. Hanhan
Mei Qing Lao
Venidia Chan Sim Leong
Hong Yun Li
Phillip Li
Queena Li
LiLi Lu aka Mary LiLi Lu
John Martin
Kenny Ho Mingchong
Chien Nguyen
Tai Anh Nguyen
Maureen Petrillo
David Goeppert Santos
Sylvia Sianandar
Sun Joon Son aka Sun Joon Sun
Sandra Tansil
Michael Tom
Sid Trivedi
Robert Scott Wall
Thomas Leung Wang
Sasrapee Wunboriboon
Christina Yuni
Eddy Yung aka Eddie Young
Lan Zhang aka Nancy Zhang
Ya Fei Zhao
Website: www.tokyoforex.com
1800 Van Ness Avenue, 2nd Floor
San Francisco, CA 94109
Statutes violated: California Commodity Law of 1990; Corporations Code section 29520.
Status: Desist and Refrain Order issued March 21, 2000.