The Securities and Exchange Commission and Zhong reached an agreement earlier this month that bars her from violating the federal laws she was accused of breaking; waives her right to appeal the judgment and its enforcement; and requires her to pay an unspecified amount of fines.
Zhong agreed to the settlement without admitting or denying the allegations against her, according to court documents.
U.S. District Court Judge Joan A. Lenard signed off on the settlement on March 16, court records show.
Zhong faced six counts of violating the Securities Act and Exchange Act. The SEC in November alleged she used money from Chinese investors, intended for Port St. Lucie's City Center and residential projects in Palm Bay, to purchase luxury cars and a boat.
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