Of course, they were all paid for with stolen money but who cares, the point is, among the more than $80 million “in questionable personal and business expenses financed by the firm’s investors” was a recent $1 million Disney cruise for the whole staff and an firmwide trip to china.* Nice! According Robert Mosier, the court-appointed receiver in the PEMGroup Ponz case, Pang also tapped into investor funds for three planes ($35 million), a deposit on a fourth jet ($3.5 million), loans to himself ($6.9 million), loans to the PEMGroup ($16 million) and transfers to “Pang entities” ($9.8 million). In related news, Pang requested yesterday that his assets be unfrozen, arguing that the SEC acted “improperly,” and was motivated by criticism of its failure to identify the Madoff scam, which is probably true, and also probably not going to get him off.
*In addition to the times he flew a bunch of girls from work to Vegas, and on the way back, “had a briefcase stuffed with cash and…started throwing money to the girls, in stacks of $10,000,” as documented in the above photo.
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I miss the days when “Chinese cruise” meant a month at sea in a steel container.
~The Evil Guy from Delaware
With all that dough, this was the best looking girl he could find? Ugh, we need higher standards…just sayin
that broad is busted i say.
It would take me about 40 Jaeger Bombs before i could even look at that mongaloid, let alone hand her stacks of bills.
http://www.youtube.com/watch?v=fFyTMp2GlPs
No no, here’s the correct clip:
http://www.youtube.com/watch?v=FRR8Y0axNvU
Chick is so busted. Probably one of those chicks that thinks she’s hot. Basically what I’m saying is Asian people have no souls
GUF = Go ugly first.
Sleeping with a fat chick is like riding your sister’s bike: It’s a lot of fun but you don’t want anyone to know you did it.
NFW he hit that. She’s either the fat cousin of somebody good looking or she has pictures of him Panging young boys.
BEST picture i have ever seen on this site.
NO SOULS IS RIGHT
Fat girls give better head.
I wonder how many nail salons one could open with that money?
Fat and under 25 years old is pretty tempting when the man is older than 50. Let’s call it the “Bill Clinton Syndrome”.
@12- pang isn’t over 50, and his wife is much better looking.
maybe he just likes fat chicks.
@13 Right! I thought his wife (the one he didn’t kill) was like a fucking 10! No soul though.
@7
no, more like a moped: fun to ride til your friends see you
@10 How come your mom sucks at it…
Ugly chicks have STDs.
barbarians. go home
she’s definitely mongolian….
heh heh . . . Bess said “get him off” heh heh
You can be ugly and get hot chicks. You can be poor and get hot chicks. You just can’t be both.
Clearly thats all of the money she won from arm wrestling in vegas. Look at those sausage arms, mangaloid is right. I would make this chick walk home
Please stop posting pictures of that ugly fat broad.
im pretty sure the money was supposed to cover her face. pretty pretty pretty… pretty sure
May I point out that Pang didn’t necessarily bang this chick.
Just pointing out the obvious and feeling bad for somebody who might be a low level employee.
-The Girl From California
I believe someone already pointed this out in a previous thread on the Pangster, but if you have $ and are reasonably good looking, and also happen to be effecting fraud on a relatively massive scale, keeping fat/busted chicks around the office to handle admin work is a much better plan than keeping foxes.
‘Tis easy to keep a busted girl content (paranoid of losing their job/gravy train ride) than a hot one.
@26. Ah, sure he didn’t. And she clearly looks like she is feeling bad about being a low level employee. She does look like she’s been well fed.
This is what that chick will look like in fifty years.
http://www.chinadaily.com.cn/english/doc/2004-08/25/xin_19080125090619906881.jpg
@27 that’s why Go Ugly (or Fat) First works so well.
why you making fun? this very disappointing.
@11 brilliant.
better idea: rub n tug… margins are superior
@11 brilliant.
better idea: rub n tug… margins superior margins
In related news, Pang requested yesterday that his assets be unfrozen, arguing that the SEC acted “improperly,” and was motivated by criticism of its failure to identify the Madoff scam, which is probably true, and also probably not going to get him off.
Danny Pang is the last person who should be questioning other people’s motives. He gave himself a times-ten pay increase when he knew PEMG’s investments were collapsing. He wasted hundreds of millions of dollars entrusted to him and lied to investors. He fired and slandered the one PEMG staffer who tried to stop the corruption. According to the receiver’s report, he “breached his fiduciary duty at nearly every juncture.” And he did everything in his power to avoid getting caught. If it hadn’t been for the investigative work of the Wall Street Journal — which Pang hired a massive PR agency to try to block — he would still be running this swindle.