Glorious Property Holdings

The company as of July 2009 had 19 projects in various stages of development (seven of them in Shanghai) with a total land bank of around 13.6 million square meters.

Zhang Zhi Rong, founder, chairman and controlling shareholder, has more than 13 years experience in the industry, and before that was involved in construction materials trading and sub-contracting.

Zhang, "43 years old and ranked 22nd on Forbes's China wealth list" with a net worth of about $2.6 billion in 2011, was not accused of any wrongdoing in the SEC complaint.

... [I]n March 2013, ... a Hong Kong–based broker, her husband, and her brokerage clients agreed to pay more than $3.3 million to settle the SEC's claims.

... [In May 2013, a] Singapore resident ... [reached agreement for] disgorgement of her ill-gotten gains of $466,477.62 and a penalty of $100,000 ... [and] permanently enjoining her from future violations.