 In 2012, Thomas Chow was ordered to pay over 48 million dollars in penalties after he failed to respond to an SEC lawsuit.The Securities and Exchange Commission obtained permanent injunctions against defendants James Li, Roger Kao, Christopher Liu, and Wayne Pratt, and collected disgorgement and civil penalties from these defendants.In addition, the Commission obtained officer and director bars against Li, Liu, and Pratt, as well as the entry of an administrative order suspending Pratt from appearing or practicing before the Commission as an accountant with the right to reapply after five years.