Call Now For a Free Consultation:
(614) 502-6165

Xue Heu Sentenced for $1m Investment Fraud Schemes

Xue Heu of Modesto, California was sentenced in U.S. District Court, Eastern District of California to five years and three months in prison for his role in two separate investment schemes that caused about $1 million in investor losses.

The schemes targeted investors in Fresno, California and Texas, according to U.S. Attorney Benjamin Wagner. Hue was ordered to pay victim restitution amounting to more than $1.16 million.

First Scheme

Court documents state that Heu, claiming to be an officer at Liquid Assets & Land Investments and Capital Land Investments, induced investors to put money toward businesses that bought and sold real estate. To add the appearance of legitimacy to these investments, court documents state that Hue issued false documentation to investors, including fictitious grant deeds. The misconduct took place between August 2007 and October 2013. Heu accepted a plea deal and admitted to defrauding his customers out of more than $412,000.

Second Scheme

According to court documents, there was a second scheme that took place between October 1, 2013 and December 31, 2013. The documents state that Heu and his associates defrauded a group of real estate investors out of more than $762,000. Heu, using the alias “Michael Chan,” purported to be a representative of Troubled Asset Relief Program (TARP), a company that sold property that had been foreclosed on.

Meyer Wilson helps investors recover losses caused by fraud and misconduct. If you or someone you know has lost a substantial amount of money and you suspect fraud, we invite you to contact our attorneys today for a free case review.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram