U.S. Court Orders China Businessman Jailed For Defying Court-Appointed Receiver And Judge’s Order To Cede Control Of The Company To The Receiver

Feb 29, 2016

Sino Clean Energy Inc. (NASDAQ “SCEI”) In an unprecedented and potentially ground-breaking ruling to hold a Chinese company accountable for harming investors by going dark on a US public stock exchange, Baowen Ren (“Ren”), the 45 year-old former chairman and CEO of the China-based clean energy company Sino Clean Energy Inc. (“SCEI”) was ordered jailed by Nevada State District Judge Bridgett E. Robb after a hearing in Reno, Nevada on February 16, 2016. Judge Robb ordered Ren in criminal contempt and ordered that a bench warrant be issued to imprison Ren for at least 25 days for his contempt and/or bring him before the court to answer for his contempt. . .

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Olivia Johann
Business Development Lead
(646) 766-1704
[email protected]