Li

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 12 YUFENG LI, Case No.: 21-CV-2017 W (MDD)

Plaintiff,

ORDER DENYING MOTION TO

v. DISMISS [DOC. 6] YIMING (ANDREW) ZHANG, Defendant. 18 Pending before the Court is Defendant’s motion to dismiss Plaintiff’s causes of action for conversion and unjust enrichment under Federal Rule of Civil Procedure 12(b)(6). Plaintiff opposes. The Court decides the matter on the papers submitted and without oral argument. See Civ. L.R. 7.1(d)(1). For the reasons stated below, the Court DENIES the motion to dismiss [Doc. 6]. 25 I. FACTUAL BACKGROUND This lawsuit arises from Plaintiff Yufeng Li’s interest in investing in cryptocurrency. (Comp. ¶ 8.) Li alleges that when Defendant Yiming (Andrew) Zhang learned about his interest, he convinced him to invest through a former classmate and trusted friend in China, Xiaocheng Ji (“Ji”), who had recently made several million dollars of profit…