Financial Fraud: Dr. Jian Yun Dong, aka John Dong, Sentenced For Multiple Fraud-Based Convictions

FraudsWatch.com
Financial Fraud Dr. Jian Yun Dong, aka John Dong, Sentenced For Multiple Fraud-Based Convictions

<h2>Dr&period; Jian Dong Sentenced to Seventy Months for Grant Fraud<&sol;h2>&NewLine;<p><strong>Corporations founded by Dr&period; Dong fined over &dollar;12 million in federal court hearing this morning<&sol;strong><&sol;p>&NewLine;<p>Contact Person&colon; Eric Klumb &lpar;843&rpar; 727-4381<&sol;p>&NewLine;<p><strong>Columbia&comma; South Carolina <&sol;strong>&&num;8212&semi;- United States Attorney Beth Drake stated today that Dr&period; Jian Yun Dong&comma; aka John Dong&comma; was sentenced to seventy months imprisonment for multiple fraud-based convictions and ordered to pay over three million dollars in restitution&period;  GenPhar Inc&period; and Vaxima Inc&comma; corporations Dong founded&comma; were fined a total of &dollar;12&comma;846&comma;399&period;32&period;  Dr&period; Dong&comma; GenPhar Inc&period;&comma; and Vaxima Inc&period; went to trial in federal court in June of 2015&period;  All three were convicted on charges of conspiracy to commit grant fraud&comma; wire fraud&comma; theft of government property and providing false statements&comma; theft of government funds&comma; as well as twenty-two counts of wire fraud&period;<&sol;p>&NewLine;<p>Testimony at trial established that federal grant money was obtained by GenPhar and Vaxima for purposes of biodefense research and vaccine development&comma; but was used for other purposes&comma; specifically to construct a commercial office building and pay lobbyists and others who were seeking to secure federal funding for the defendants&period;  Testimony further established that a total of approximately &dollar;6 million dollars was spent on the construction&comma; which included approximately at least &dollar;3 million dollars of improperly diverted grant money&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Justice is finally served against Dr&period; John Dong and his companies with these sentences&comma;&&num;8221&semi; stated Special Agent in Charge John F&period; Khin of the Defense Criminal Investigative Service &lpar;DCIS&rpar;&comma; Southeast Field Office&period; &&num;8220&semi;Throughout this lengthy and extensive joint investigation with our law enforcement partners&comma; DCIS steadfastly pursued recoupment of millions of dollars in stolen and diverted funds that were critically needed for research and development of vaccines against the world&&num;8217&semi;s most deadly diseases&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Diverting funds meant for critical vaccine research is reprehensible and illegal&comma;” said Special Agent in Charge Derrick L&period; Jackson of the U&period;S&period; Department of Health and Human Services&comma; Office of Inspector General &lpar;HHS-OIG&rpar; in Atlanta&period;  &OpenCurlyDoubleQuote;We will continue to work with our law enforcement partners to root out all forms of waste&comma; fraud&comma; and abuse in federal grant programs&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Ms&period; Drake stated&comma; &OpenCurlyDoubleQuote;The real tragedy in this case is that millions of dollars intended for desperately needed vaccine research was diverted into a commercial real estate project&period;  Most of the dedicated and accomplished scientists receiving these grants can be trusted to spend the funds on research&comma; but those that seek to divert the funds to their own benefit need to know that we will pursue charges against them like any other fraudster&period;”<&sol;p>&NewLine;<p>The conviction and sentence are the result of an investigation conducted by the Department of Health and Human Services Office of Inspector General&comma; the Defense Criminal Investigative Service&comma; the Federal Bureau of Investigation&comma; the U&period;S&period; Army Criminal Investigation Command&comma; and the Naval Criminal Investigative Service&period;  Assistant United States Attorneys Eric Klumb and Nathan Williams of the Charleston office prosecuted the case&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;justice&period;gov&sol;usao-sc&sol;pr&sol;dr-jian-dong-sentenced-seventy-months-grant-fraud">Original PressReleases&&num;8230&semi;<&sol;a><&sol;p>&NewLine;

Share This Article
Follow:
FraudsWatch is а site reporting on fraud and scammers on internet, in financial services and personal. Providing a daily news service publishes articles contributed by experts; is widely reported in thе latest compliance requirements, and offers very broad coverage of thе latest online theft cases, pending investigations and threats of fraud.
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Exit mobile version