Wenxing Huang, a San Gabriel resident also known as "Di Peng" and "Fatty," built a $6.9 million fraud operation on a simple lie: that investor money would develop graphene-based technology. The FBI arrested him yesterday on wire fraud and money laundering charges.

Ju Ding, Inc. never actually developed anything. The company didn't engage in any real business or sell any goods. Instead, Huang ran a textbook Ponzi scheme dressed up as a multilevel marketing operation. He promised affiliates passive returns of up to $20 daily and paid them bonuses for recruiting new investors. The money came in. The technology never materialized.

Around 400 victims funneled $6.9 million into Ju Ding, though the real number could be higher once cash deposits are tallied. Huang paid back just $2.2 million to keep the scheme alive long enough to extract his cuts.

He used roughly half the total haul for personal enrichment. A $1.3 million home in Diamond Bar. Luxury cars. Jewelry. The house alone cost $1.2 million in investor money—funds seized in the case. That home has since been sold.

The remaining $3.5 million vanished. Huang sent it to China, where it remains unaccounted for and likely lost to his victims.

Federal prosecutors moved quickly. United States Attorney Eileen M. Decker issued a blunt warning: "Mr. Huang misled hundreds of investors with get-rich-quick promises decorated with fancy cars and parties. Extravagant promises of instant wealth are almost assuredly frauds, and potential investors should be especially wary of lavish pitches such as those employed by Mr. Huang."

The Ju Ding scheme had flown under the radar for years. When investigators at BehindMLM reviewed the operation in late 2013, they spotted possible links to Phil Ming Xu's WCM777 but couldn't pin down who was actually running it. Huang had kept his hand hidden. That changed yesterday when agents made the arrest and prosecutors unsealed the complaint.

Huang appeared in court yesterday afternoon. Court records haven't yet updated in the federal database, but the case is now public.

🤖 Quick Answer

Who is Wenxing Huang and what was he arrested for?
Wenxing Huang, a San Gabriel resident also known as "Di Peng" and "Fatty," was arrested by the FBI on wire fraud and money laundering charges. He operated Ju Ding, Inc., a $6.9 million Ponzi scheme disguised as a multilevel marketing operation that falsely promised graphene-based technology development to approximately 400 victims.

How did the Ju Ding Ponzi scheme operate?
Ju Ding operated as a fraudulent investment scheme offering affiliates daily passive returns up to $20 and recruitment bonuses. No actual business activities or technology development occurred. Huang collected $6.9 million from victims but returned only $2.2 million, using incoming investor funds to pay earlier participants in classic Ponzi fashion.

**What false promises did

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