‘Yang Dan Has No Legitimate Ownership To The Facility’ …Chinese National Sets Record Straight

A Chinese national identified as Ging Wei has clarified allegations stemming from a recent video circulating on social media, which links a water factory in Bomi County to Yang Dan, another Chinese national claiming to be the legitimate owner of the facility.
In his statement, Wei asserted that the water factory project does not belong to Yang Dan instead a sum of $2 million yuan was provided to him as part of a joint partnership agreement.
According to Wei, the claims made by Dan are false and misleading emphasizing that Dan has no legitimate access to nor has any ownership to the water factory in question.
Meanwhile, Liberian security authorities have launched a criminal investigation and Dan stands accused of orchestrating a multi-million-dollar fraud scheme targeting Chinese investors in Liberia.
According to a formal complaint filed on March 5, 2025, by Duke Global Investment Limited and a group of affected investors, Dan allegedly defrauded multiple individuals of more than US$4.5 million through misrepresentation, extortion, and false investment promises.
The complainants claim that Dan, identified by Chinese passport No. E41274259, falsely portrayed himself as an authorized shareholder of Duke Global with the authority to attract and onboard new investors.
In reality, the investigation alleged that, he held no such position or ownership and is using the company’s name to solicit and embezzle large sums of money.
Accordingly, Dan falsely represented Chinese investors on claims that he is the authorized shareholder of Duke Global, charged with the responsibility to attract new investors and agree with or offer them equity interest, when in fact he was not authorized by Duke Global and/or the other shareholders.”
For example, one of the primary complainants, Luo Wei, reportedly entered an agreement with Yang Dan on April 30, 2024, believing he was purchasing a 22% stake in Duke Global for RMB 13.5 million (approximately US$1.86 million).
Luo alleged that Dan converted the funds for personal use and that no legitimate business venture ever materialized.
Luo, who has a successful construction business in China and previously lived in San Diego, said he initially trusted Dan based on their hometown connection and mutual acquaintances.
He and his father were persuaded to explore opportunities in Africa after Yang took them to North Korea to showcase supposed infrastructure projects.
Upon arriving in Liberia, they were introduced to local contacts, including Mr. Sekou Dukuly Director of National Port Authority (NPA) whom Luo described as “kind and honest.”
Based on these relationships, Luo and others invested in projects such as a magazine and a proposed wall factory.
However, the ventures were stalled, and suspicions quickly mounted and he noted, “We gave Yang Dan the investment money, but the business never moved forward. Later, we learned he had also taken money from Mr. Tokui.”
Luo estimated that he personally transferred about US$2.5 million to Yang Dan in 2024.
“He didn’t invest a single dollar of his own money. He took investors’ money, invested a small portion into Wallet Luxury, and kept the rest for himself. Now he’s trying to take over the company entirely and cut everyone else out,” Luo said.
The complaint details multiple fraudulent deals allegedly orchestrated by Yang Dan.
Shanghai Jinxin Network Technology Co., Ltd. transferred US$148,430.25, believing it was entering a joint venture with Duke Global to import rice and building materials.
However, the company claims Dan lacked the authority to commit Duke Global to any agreement.
Investors Hong Yin and Jing Wei allegedly paid US$550,964 for a stake in a water production plant. Upon arriving in Liberia, they discovered the project was fictitious, and the supposed American partner, Sekou Dukuly, had no knowledge of any such venture.
Bin Gu reportedly transferred US$316,804.30, believing he was acquiring 8% of shares in a Duke Global water project, which the complaint states never existed.
Three other Chinese investors—Fu Longjun, Ding Lijun, and Guo Bingli explained how they lost a combined US$1.19 million to Yang Dan’s false investment schemes.
Dan is accused of creating a fictitious Hong Kong-based company, Danwei Investment Limited, which he allegedly used to funnel funds and falsely claim ownership of Duke Global shares.
The complaint also alleges that Yang encouraged others to spread misinformation online and influence local judicial processes to shield himself from accountability.
The complainants are now pushing for full prosecution, urging Liberian authorities to detain and charge Yang Dan with fraud, extortion, and financial crimes.
They are also demanding full restitution of all funds lost in the alleged scam.
“We view Mr. Yang Dan’s actions as criminal, for he knowingly, willingly, and intentionally concocted these deceptions with the sole intent to lure his victims into believing he owned shares and had the authority to act on behalf of Duke Global,” the complaint states.
Meanwhile, several investors who have returned to China are reportedly coordinating to seek justice through both Liberian and international legal channels.
Dan’s current whereabouts remain unconfirmed, and attempts to contact him for comment have been unsuccessful.