Former Queen Mary operators face securities fraud charges

The former operators of the Queen Mary were facing federal fraud charges on Wednesday, Aug. 7, with regulators accusing them of bilking investors out of millions of dollars through schemes tied to their ownership of more than a dozen hotels, including the iconic Long Beach tourist attraction.

Taylor Woods and Howard Wu, whose attorneys couldn’t be reached for comment, were charged Tuesday by the Securities and Exchange Commission with two counts of securities fraud. The complaint was filed in federal court in downtown Los Angeles.