U.S. Attorney for Central District of California: Chinese Real Estate Developer's L.A. Company Fined $4M for Providing Over $1M in Benefits to Corrupt City Councilman
May 13, 2023
May 13, 2023
LOS ANGELES, California, May 13 -- The office of the U.S. Attorney for Central District of California issued the following news release on May 12, 2023:
A downtown Los Angeles-based company was sentenced today to five years of probation and was fined $4 million - the maximum penalty under the law - for the actions of its billionaire Chinese real estate developer owner and others who provided more than $1 million in benefits - including luxury trips and a sham loan - to bribe then-Lo . . .
A downtown Los Angeles-based company was sentenced today to five years of probation and was fined $4 million - the maximum penalty under the law - for the actions of its billionaire Chinese real estate developer owner and others who provided more than $1 million in benefits - including luxury trips and a sham loan - to bribe then-Lo . . .