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Newport Beach financier Danny Pang's death officially ruled a suicide

January 11, 2010 |  7:13 pm

The death of 42-year-old Newport Beach financier Danny Pang has officially been ruled a suicide caused by the combined effect of seven drugs, the Orange County Sheriff-Coroner’s Department has determined.

Pang was found unconscious Sept. 11, 2009, in his Newport Beach home and was taken to Hoag Hospital, where he died the next day.

His death came less than two months after an Orange County federal grand jury accused Pang of concealing more than $300,000 from the government. The FBI also alleged he stashed gold bullion in a hidden safe.

Pang was also facing an SEC lawsuit for allegedly misappropriating millions of dollars from investors through his company Private Equity Management Group Inc. in Irvine.

He denied any wrongdoing and was free on a $1-million bond at the time of his death.

Supervising Deputy Coroner Kelly Keyes said the following drugs were found in Pang’s system: citalopram (antidepressant), dihydrocodeine (pain reliever), hydrocodone (pain reliever), lorazepam (anti-anxiety medication), oxycodone (pain reliever), oxymorphone (pain reliever) and THC (ingredient in marijuana).

Pang first made headlines in 1997 when his wife, a former stripper, was shot to death in their home. No one has been convicted of the crime.

-- Corina Knoll