Pierre F. Haobsh, 26, has been formally charged with the murders of Dr. Weidong "Henry" Han, his wife Huijie "Jennie" Yu, and their 5-year-old daughter, Emily. The Santa Barbara County District Attorney's Office made the announcement on Tuesday.

Haobsh now faces three charges of First Degree Murder with allegations that the crime was willful, premeditated, and deliberate or committed by means of lying in wait.

Haobsh is also charged with special circumstances of committing the murders for financial gain and multiple murders.

If found guilty, Haobsh could face the death penalty or life without the possibility of parole according to the District Attorney's Office.

Read the formal complaint against Haobsh HERE.

Haobsh appeared in Santa Barbara court on Tuesday but his arraignment was continued until April 14.