Posts Tagged ‘Ma’

Goldenvale Executives Admit Fraud

May 7, 2010

Two top executives of Goldenvale, Inc., one of the leading us importers of Chinese ATVs and other powersports equipment, reportedly have admitted falsifying emissions data on some of their motorcycles and ATVs but didn’t get any jail time as part of a plea bargaining deal.

Goldenvale owner Kening N. Ma to four counts of grand theft and Shirley Hyunae Ji, Goldenvale vice president,pleaded no contest to one count of grand theft, according to dailybulletin.com. The pair are scheduled to be sentenced to three years probation on July 20.

The two were arrested in March as reported by Dealernews. The executives of the company based in Ontario, Calif., were charged in a 70-count complaint with using fake certificates issued by the California Resources Board (CARB), among other offenses.

Goldenvale, which also operates a facility in Dallas, imports ATVs, dirtbikes, scooters and karts. The equipment was sold through a dealer network under the Roketa brand. JD

Contact me with news tips and story ideas
at jdelmont@dealernews.com or 952/893-6876.