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Date: 06-02-2023
Case Style:
Case Number: 2:23-cr-00069
Judge: David B. Barlow
Court: United States District Court for the District of Utah (Salt Lake County)
Plaintiff's Attorney: United States Attorney’s Office in Salt Lake City
Defendant's Attorney:
Description: Salt Lake City, Utah criminal defense lawyer represented Defendant charged with devising a scheme intended to defraud investors and obtain money and property, under false pretenses, to benefit her company, ProSky Inc.
Crystal A. Huang, 41, of Lehi, admitted she knowingly offered investments in her company, ProSky Inc., by providing false promises to potential investors. From February 2015 through February 2020, in the District of Utah and elsewhere, Huang would lull investor victims into a false sense of security about their investments by claiming her company, ProSky Inc., had millions in recurring revenue, when in fact it did not. She further supported her false claims by providing investors with falsified balance sheets, profit and loss statements, bank account statements and customer lists. During her scheme to defraud, Huang obtained approximately $5.025 million from approximately 13 investors and communicated via email, telephone and through an online database. In one transaction, Huang caused a wire transfer of $750,000 to ProSky Inc. via interstate commerce.
Huang is scheduled to be sentenced on August 15, 2023, at 2:00 p.m. in courtroom 8.1 before U.S. District Court Judge David Barlow at the Orrin G. Hatch United States District Courthouse in Salt Lake City, Utah.
U.S. Attorney, Trina A. Higgins, of the District of Utah made the announcement.
The case is being investigated by the FBI Salt Lake City Field Office, Provo Resident Agency.
Assistant U.S. Attorney Mark E. Woolf of the District of Utah is prosecuting the case.
15:78j(b), 78ff, and 17 C.F.R. § 240.10b-5 MANIPULATIVE AND DECEPTIVE DEVICES/ Securities Fraud
(1)
Outcome: 05/30/2023 19 Minute Entry for proceedings held before Magistrate Judge Dustin B. Pead: Change of Plea Hearing as to Crystal A. Huang held on 5/30/2023. Defendant is present with counsel. Rights and penalties are explained. Consent to Entry of Plea of Guilty Before the Magistrate Judge and Order of Reference is executed and filed with the Court. Defendant is placed under oath and answers questions posed by the Court. The Court reviews the agreement of the parties on the record. Defendant enters plea of GUILTY to count 1 of the Felony Information. For the reasons stated on the record, the Court accepts the GUILTY plea. Statement by Defendant in Advance of Plea of Guilty is executed and filed with the Court. Presentence Report ordered: Yes. Defendant is compliant with terms of release. The Court orders defendants continued release under previously imposed conditions.
Sentencing set for 8/15/2023 at 02:00 PM in Rm 8.100 before Judge David Barlow.
Attorney for Plaintiff: Mark Woolf, Attorney for Defendant: Douglas Stowell, Retained. Interpreter: Not Needed. Probation Officer: Caroline Bye-Routh and Glen Manross. Court Reporter: Electronic/Ed Young. (Time Start: 10:17:51, Time End: 10:39:20, Room 7.100). (tls) (Entered: 05/30/2023)
05/30/2023 Notice of Appearance. U.S. Probation and Pretrial Services hereby advises the Court that Glen Manross should be added to this case as to Crystal A. Huang (gbm) (Entered: 05/30/2023)
05/30/2023 20 ORDER OF REFERENCE Under 636 (b)(3) and CONSENT TO ENTRY OF PLEA before Magistrate Judge Dustin B. Pead as to Crystal A. Huang.
Signed by Judge David Barlow on 05/26/2023. (tls) (Entered: 05/30/2023)
05/30/2023 21 STATEMENT IN ADVANCE OF PLEA as to Crystal A. Huang (tls) (Entered: 05/30/2023)
Plaintiff's Experts:
Defendant's Experts:
Comments: