Former Queen Mary ship operators face federal fraud charges for deceiving investors and misappropriating millions.
Former operators Taylor Woods and Howard Wu of the Queen Mary ship face federal fraud charges for allegedly deceiving investors and misappropriating millions. The Securities and Exchange Commission accuses them of two securities fraud schemes, one involving convincing investors to sell hotel interests with false promises of profitable returns and retaining ownership, the other raising $1.775m for bankrupt hotel purchases which they allegedly misused. The city of Long Beach regained control of the Queen Mary in 2021.
August 07, 2024
4 Articles