He allegedly stole from firm, immigrants
Over at least the past four years, federal investigators say Stephen Young Kang took millions of dollars from Korean clients who asked him to invest their money and instead used it for his own expenses or paid other victims in a Ponzi-like scam stretching from Orange County, Calif., to Houston.
This week a California federal grand jury indicted Kang, who lives in Newport Beach but has a law office in the Galleria. The 46-year-old is charged with 20 counts of wire fraud and five counts of money laundering, though investigators say evidence suggests more victims exist in Texas, California and South Korea and urged them to come forward.
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