abc 7 news dan voice -- dan noyes is here now with an update. >> it's been two years since reporting the fbi and sec were investigating walter ask kelly ng. the criminal case is finally moving forward. many people have lost their live savings. >> over the past 35 year, walter ng and his son ran limited partnerships. then made loans to real estate developers. the charging document, united states of america versus walter ng and kelly ng say they looted funds by making withdrawals and charged with structuring for the purpose of evading requirements. being a hell of a long delay. >> the 81-year-old doctor is typical of the ng investors met through friends and lost more than $400,000. he had to delay his retirement, and. >> aprilly at last. i'll be happier when they're sitting in jail. and happier yet if able to extract anything, pu i think we may have lost every penny. >> the ngs face a civil case from the sec. and using assets to rescue a rapidly collapsing fund. one class action lawsuit thinks ngs and others may face additional charges. >> i think we'll find during this period, the peo