CKB168 was a $200 million MLM pyramid scheme that targeted Asian-Americans in the US. Abroad, the majority of CKB168 victims were based in China.

The SEC shut down CKB168 all the way back in 2013. In total sixteen CKB168 executives and top promoters were sued.

Parallel criminal charges
were also filed by the DOJ in 2015.

Over the years several CKB168 defendants settled the fraud charges.

Now, nine years later, the SEC has finally secured final judgment against the remaining non-settling defendants.

BehindMLM has been loosely tracking CKB168 proceedings over the years. We didn’t review CKB168 formally, which I believe was due to it primarily targeting Chinese-speaking victims.

As of January 2022, BehindMLM was aware of
three CKB168 settlements
; Cheongwha “Heywood” Chang and Toni Tong Chen for $2,101,949.81 jointly, and  and Heidi Mao for $784,729.

Here’s a list of the remaining settlements, including the recent final judgments, as provided by the SEC in an
August 12th press-release
;

CKB, WIN, CKB168, Biz Solution, and Cyber Kids, together with CKB executives, Hung Wai “Howard” Shern and Rui Ling “Florence” Leung are jointly up for $178,749,545;

Shern and Leung are up for an additional $13.7 million in penalties
each
;

Daliang “David” Guo and Rosanna LS Inc. are jointly liable for $5.1 million;

Yao Lin and Ouni International trading Inc. are up for $2.35 million;

Lin is up for an additional $1.89 million in penalties;

Joan Congyi “JC” Ma is up for $1.95 million; and

Rayla Melchor Santos is up for $1.04 million

In parallel CKB168 criminal proceedings;

Daliang “David” Guo
was sentenced to 144 months in prison in June 2019;

Wen Chen “Wendy” Lee was sentenced to 21 months in prison;

Chih Hsuan “Kiki” Lin was sentenced to 37 months in prison;

Cheong Wha “Heywood” Chang
was sentenced to 12 months in prison in 2016; and

Toni Tong Chen (Chang’s wife) was sentenced to 20 months in prison, also in 2016

With the exception of Guo, all of the CKB168 criminal defendants plead guilty. Guo was found guilty by a federal jury in 2018.

🤖 Quick Answer

What was CKB168 and when was it shut down?
CKB168 was a $200 million multilevel marketing pyramid scheme primarily targeting Asian-Americans in the United States and victims in China. The SEC initiated enforcement actions against the scheme in 2013, ultimately suing sixteen executives and top promoters involved in its operations.

What legal actions were taken against CKB168 defendants?
The SEC filed civil fraud charges against sixteen CKB168 executives and promoters starting in 2013. Parallel criminal charges were filed by the Department of Justice in 2015. Several defendants settled their cases over the years, with at least three documented settlements by January 2022.

What was the outcome of the SEC's case against CKB168?
After nine years of proceedings, the SEC secured final judgment against the remaining non-settling CKB168 defendants. Multiple executives faced both civil and

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