Steve Chen
Associated companies: USFIA
78Scam score
$145.4MDocumented losses
14,496Reported victims
Profile
Steve Chen was the owner of USFIA, a company involved in a major financial fraud scheme. His operation resulted in documented losses of over $145 million, leading to a significant settlement agreement.
Timeline
- 2023USFIA settlement of $145.4 million reached, pending approval
Frequently Asked Questions
- Who is Steve Chen?
- Steve Chen was the owner of USFIA, a company involved in a major financial fraud scheme. His operation resulted in documented losses of over $145 million, leading to a significant settlement agreement.
- What is Steve Chen's fraud risk rating?
- Steve Chen has a scam score of 78/100 (critical risk) based on open-source intelligence, regulatory records, and investigative reporting aggregated by ScamTelegraph.
- What companies is Steve Chen associated with?
- Steve Chen is associated with the following companies or entities: USFIA.
- How many investigations mention Steve Chen?
- ScamTelegraph has published 50 investigative articles mentioning Steve Chen, including: USFIA Receiver recovers $20.4 million; SEC vs. USFIA trial scheduled for January 2017; Inside USFIA: Guns, Obama, amber, visa fraud & Wuo.
Coverage on ScamTelegraph
- USFIA Receiver recovers $20.4 million
- SEC vs. USFIA trial scheduled for January 2017
- Inside USFIA: Guns, Obama, amber, visa fraud & Wuo
- USFIA offices raided, SEC granted TRO
- Kangen Hun says to use acidic water to degrease ovens
- USFIA Receiver recovers $186,628 from Maria Wei Wang Shu
- USFIA forensic accounting to be completed Jan 2017
- Wuo ignores resignation calls & distraught USFIA victims
- $45.2 million in USFIA victim claims allowed
- $145.4 million USFIA settlement reached, pending approval
- Jason Cardiff forfeits $530,000 bail bond
- BitConnect’s Craig Grant renting villa built with stolen money
- USFIA Receiver files for conclusion of Receivership
- It’s Only 5 and Elton Potts fined $10,000 for securities fraud
- Eric Dalius’s Saivian fraud settlement recovers $24 million
- Streakk Review: STKK token “staking” securities fraud
- USFIA Ponzi founder Steve Chen dies in prison
- Arrest details of the EmpowerCoin/JetCoin scammers
- USFIA owner Steve Chen sentenced to ten years in prison
- Steve Chen will plead guilty to USFIA criminal fraud
- MOBE trial date penciled in, Matt Lloyd expecting criminal charges?
- Payza settles $13.1 mill Zeek clawback with consent judgment
- Chandler won’t be keeping his bitcoin, reconsideration denied
- USFIA Receiver seeks 90 day victim claim submission extension
- USFIA Receiver files second clawback suit against Li Zhao (~$370,000)
- FTC vs. Dluca, Gatto, Pinkston & Chandler close to prelim injunction
- USFIA victim claims process to be submitted “in the coming days”
- USI-Tech securities fraud emergency cease and desist issued in Texas
- USFIA Receiver seeks $5.3 million clawback from Steve Chen’s ex-wife
- USFIA civil fraud charges settled for $200 million dollars
- StemTech files for Chapter 11 bankruptcy
- Chen fighting SEC on monetary relief (USFIA)
- USFIA trial back on for January 10th?
- USFIA a Ponzi scheme, SEC granted summary judgement
- SEC: “Undisputed evidence shows Chen operated a pyramid scheme”
- SEC file for USFIA summary judgement, Steve Chen opposes
- Deposition discovery fails to delay USFIA Ponzi case
- USFIA Ponzi fraud climbs to $180 million
- Steve Chen under FBI & IRS criminal investigation
- Ignatova laundering OneCoin funds through mother
- Receiver: No indication USFIA’s GemCoin was legitimate
- USFIA preliminary injunction granted, Receiver permanent
- John Wuo investigated for Political Reform Act violations
- Steve Chen not opposing USFIA preliminary injunction
- California issue USFIA a cease and desist
- USFIA MLM cryptocurrency Ponzi busted, OneCoin next?
- USFIA pay out $100,000s in car bonuses at Ponzi pageant
- USFIA hold GemCoin gala at Steve Chen McMansion
- FBI investigating USFIA GemCoin Ponzi scheme (John Wuo?)
- USFIA investors encouraged to contact Arcadia Police Dept