Alleged Fraudster Danny Pang Was Kind of an Awesome Boss

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Photo: WSJ

California financier Danny Pang has been accused of many bad things: compulsively lying, hiring a hit man to kill his first wife, perpetrating a massive international fraud. But at least it seems like he was a pretty fun boss. Not only did he provide employees with fistfuls of cash and take them on the company jet to Vegas, the court-appointed receiver reviewing his books notes that "late last year, with many of the loans in the firm's investment portfolio in default, Mr. Pang treated the entire staff to a $1 million Disney cruise, financed with loans from investor funds." [WSJ]