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Feds say San Gabriel man promised fancy cars, parties to investors, then stole $7 million from them

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SAN GABRIEL>> Federal law enforcement arrested a San Gabriel man Thursday for allegedly operating a ponzi scheme that collected nearly $7 million, authorities said.

Wenxing Huang, also known as "Di Peng" and "Fatty," 33, was taken into custody by FBI agents for operating a Brea-based investment company that promised investors their money would be used to develop technology based on graphene, which is a layer of pure carbon that is only an atom thick, U.


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