Coroner:
The late financier Danny Pang, a Newport Beach resident who was facing federal charges related to his equity firm before his death in September, committed suicide, coroner’s officials concluded Tuesday.
Pang, 42, died Sept. 12 at Hoag Memorial Hospital Presbyterian, a day after paramedics found him unresponsive in his Dover Shores home.
The Orange County Sheriff-Coroner determined through a toxicology test that Pang died through a combination of multiple pain-reliever and anti-anxiety drugs, including oxycodone, dihydrocodeine, hydrocodone, citalopram and lorazepam.
A federal grand jury indicted Pang in July of evading currency reporting laws, specifically, of structuring cash payments to keep them under $10,000 so the government would not be notified.
Pang was the founder and former executive of Irvine-based Private Equity Management Group Inc. and Private Equity Management Group LLC. At the time of his death he was on house arrest with a monitoring device secured to his ankle.
Pang owned the property that sits beneath Joe’s Crab Shack, 2607 W. Coast Hwy. The government auctioned off the land in December for more than $8 million to an undisclosed buyer. Pang bought the property in 2007 for between $12 million and $14 million, said Mike Walters, president of the real estate auction house Tranzon Asset Strategies.
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