Financier Danny Pang Dies: Under Investigation for Ponzi Scheme


Danny Pang was an Orange County fund manager who ran a firm called Private Equity Management Group. He was arrested last April by the FBI on charges of defrauding investors. He died at Hoag Hospital on Saturday morning after being taken there by paramedics on Friday afternoon. Police say that foul play is not suspected; an autopsy is needed to help determine whether death was due natural causes or self-inflicted. Investigators removed four or five small bags of evidence from his house. More details as they become available…

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