Cases / Investment funds & advisory
Suitelife Norcal LLC
Derek Vincent Chu
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Suitelife Norcal LLC
- Industry
- Resale of professional basketball tickets and luxury suites
- How investors were recruited
- Longstanding personal relationships in San Francisco's Chinatown community, many elderly first-generation immigrants who saw him as a family friend
- Pitch & red flags
- False statements about how funds would be used, how investors would be repaid, and whether investments were secured by collateral
Source
U.S. Department of Justice official
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