Newport Beach Financier Danny Pang Dies at 42
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Newport Beach Financier Danny Pang Dies at 42
By Ruben Vives and Louis Sahagun
Newport Beach financier Danny Pang died early Saturday at a local hospital, according to the Orange County coroner’s office. The cause of death has not been determined and an autopsy is planned for Sunday, said Larry Esslinger, supervising deputy coroner.
Police officers were dispatched to Pang’s home in the 2600 block of Crestview Drive about 3:30 p.m. Friday on a “medical assistance call,” said Sgt. Doug Jones of the Newport Beach Police Department.
Pang was pronounced dead at Hoag Memorial Hospital at 5:12 a.m. Saturday, Esslinger said. He had no further details.
The 42-year-old Pang has been accused by the government of operating a Ponzi scheme and of taking at least $83 million in inflated fees, salary and loans from his investment firm before it was seized by federal regulators in April. He had denied wrongdoing.
Continue reading Newport Beach Financier Danny Pang Dies at 42
