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Sunday, April 04, 2021 8:11:45 PM
This may not be one and the same Xuemei Li but this would be cause by FINRA to strike down the Voycare Name, Symbol and CUSIP change request.
China Intelligent Lighting & Electronics, Inc. ("CIL") and NIVS IntelliMedia
Technology Group, Inc. ("NIV") -led by their respective Chief Executive Officers, Xuemei Li
and her brother, Tianfu Li -engaged in fraudulent schemes to raise and then divert offering
proceeds. Operating from the same location in China, defendants fraudulently raised over $29
million from unsuspecting investors in the spring of 2010. CIL and Xuemei Li raised $7.6
million in a public offering in June 2010, and NIV and Tianfu Li raised $21.5 million in a public
offering in April 201 0. In raising the money, the defendants made false representations about
how the offering proceeds were to be used.
https://www.sec.gov/litigation/complaints/2013/comp22755.pdf
First Amendment Rights do not cover deliberately making false statements.
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