Newport Beach police said the cause of death was not immediately available, but foul play is not suspected, according to reports.
Pang, the founder of Irvine-based Private Equity Management Group Inc. and Private Equity Management Group LLC, had been free on $1 million bail and set to go to trial next week. His companies have been put into receivership.
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"Danny was a wonderful husband, loving father, and honest businessman," Pang's family said in a statement, The Associated Press reported. "It is distressing that Danny had to endure such a mean-spirited assault on his character without ever having a chance to defend himself. "We remain steadfast in our believe that Danny would have been vindicated if he had been given that opportunity."