The United States Department of Justice and the Federal Bureau of Investigation have officially seized the domain associated with the Rule of Law Foundation. According to the notice displayed on the website, the action was taken under the authority of Title 18, United States Code, Sections 981 and 982, by the United States District Court for the Southern District of New York. This development is part of a broader law enforcement operation targeting alleged illegal activities linked to the organization.
The website www.rolfoundation.org now displays a seizure notice, prominently featuring the seals of the Department of Justice and the FBI, signaling robust federal intervention. This banner serves not only as a stark warning but also provides guidance for those seeking further information or wishing to report related crimes. Individuals are directed to visit www.justice.gov or www.fbi.gov to pursue additional details or engage with law enforcement about this case.
The Rule of Law Foundation, previously associated with a Chinese businessman, faced a significant legal development in July 2024. An exiled Chinese billionaire was convicted by a U.S. federal court for orchestrating a massive fraud scheme valued at over one billion dollars. This case exposed how his organization exploited the trust of thousands through deceitful investment promises, leading to substantial financial losses for his followers. The charges against this businessman included extortion, securities fraud, wire fraud, and money laundering, resulting in convictions on 9 of 12 counts.
The businessman's conviction sheds light on the severe nature of his fraudulent activities, presenting a stern challenge to the regulation of financial fraud. He masked his criminal endeavors under the guise of political activism, utilizing bogus investment schemes and promises of high returns to defraud investors. This judgment not only penalizes him personally but also serves as a critical precedent for similar cases, emphasizing the importance of vigilance against financial schemes that exploit political or social activism veneers.
