Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action.

The two Californian cases Premier Financial Alliance is currently defending are:

  1. a 2018 suit filed by Rui Chen and Wenjian Gonzales, alleging pyramid scheme fraud; and
  2. a 2019 suit filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Financial Alliance targeted Asian immigrants for fraud.

Both cases are proposed class-actions and were consolidated by court order on April 16th.

The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel.

The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th.

Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing.