link). The blog BehindMLM.com, which follows such things internationally and on a near daily basis, describes it all this way: "For those unfamiliar with USFIA, the company operates the GemCoin Ponzi scheme. Through its GemCoin, USFIA have primarily targeted Arcadia’s Chinese community for investment fraud." We have been covering this here because of the connection between USFIA, its president Steve Chen, and Arcadia Councilmember John Wuo. This is an evolving story, and thanks to the article we're reprinting below, the plot now thickens.
(Mod: The link to this article in its original setting is here. You really should go there so you can view all of the informative links they have provided. Including some coverage from right here on the Sierra Madre Tattler.