SEC v. NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao, and Hua Zhao (2024)

Judgment entered

Checked against the primary document on October 4, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (sec-nanobit-limited-radiant-horizons-limited-sweet-karma-fashion-inc-zhao-tropic) by email

In September 2024 the SEC sued NanoBit Limited, three other entities and three individuals over an alleged relationship-investment scam built around a fake crypto trading platform. On June 16, 2026 the court entered a default judgment against the four entities and two individuals, with injunctions and about $4.83 million in penalties, $597,752 in disgorgement and $92,146 in interest in total.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-26110
Date filed	2024-09-17
Date resolved	2026-06-16
Court	U.S. District Court, Eastern District of New York
Status	judgment
Criminal parallel	No
Defendants	NanoBit Limited (entity) ; Radiant Horizons Limited (entity) ; Sweet Karma Fashion Inc. (entity) ; Zhao Tropical Deli Inc. (entity) ; Jiajie Liu (individual) ; Fei Liao (individual) ; Hua Zhao (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $4.8m
Disgorgement: $598k
Prejudgment interest: $92.1k
Total relief: $5.5m
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this action on September 17, 2024 as litigation release LR-26110, filing civil action 2:24-cv-06517 in the Eastern District of New York. The defendants are NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao and Hua Zhao (3 individuals, 4 entities). Earlier versions of this record merged most of the names into one entity.

The complaint alleges that from about October 2023 to at least June 2024 scheme participants impersonated financial industry professionals in WhatsApp groups to win investors' trust, then steered them to the supposed NanoBit crypto asset trading platform, which falsely claimed an SEC-registered broker affiliate, and to fake initial coin offerings. The platform was allegedly fake: investors' money went to scheme participants who wired more than $2 million to Hong Kong bank accounts and misappropriated hundreds of thousands of dollars of crypto assets.

The complaint charged violations of the antifraud provisions and asked for injunctions, disgorgement with interest and penalties. The allegations remain unproven. The conduct is a fraudulent investment scam; it uses chat groups as the delivery channel but does not involve promoting a stock to move its price, so this library applies no technique tag and no relief is recorded.

For the regulator's own account of the facts, read the primary document linked above.

Outcome. SEC litigation release LR-26576 (June 29, 2026) reports a final judgment by default entered on June 16, 2026 in the Eastern District of New York against four entities and two individuals. It enjoins them from violating Section 17(a) of the Securities Act and Section 10(b) and Rule 10b-5. NanoBit Limited owes $532,649 in disgorgement, $81,957 in interest and a $1,182,251 penalty. Radiant Horizons, Zhao Deli and Sweet Karma each owe a $1,182,251 penalty. Jiajie Liu owes $60,603 in disgorgement, $9,485 in interest and a $50,000 penalty, and Hua Zhao owes $4,500, $704 and $50,000. The stored totals add these amounts across the six defendants. A default judgment means the defendants did not contest the case. The release does not mention Fei Liao, one of the seven named respondents, so this outcome covers six and we did not check the seventh.

Timeline

2024-09-17 Litigation release published
2026-06-16 Final judgment by default entered against six defendants (reported in LR-26576)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2024-09-17	SEC	SEC v. NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao, and Hua Zhao (2024)(this record)	Judgment entered
2026-06-29	SEC	SEC v. NanoBit Limited, et al. (2026)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.