Sunday, September 27, 2015

Kasey Chang on Chinese Political Culture, Mayors, Guns and the GemCoin Ponzi Scheme

Mod: The following article recently appeared on Kasey Chang's "A (MLM) Skeptic" (link) website. I thought I should repost it here because it will provide you with a lot of invaluable perspective on the role of mainland Chinese political culture played in Arcadia's current GemCoin scandals. Of particular interest is the strange dynamic between Steve Chen and John Wuo, and why this scandal was likely to occur here.


Bonus Coverage: (Behind MLM) USFIA pay out $100,000s in car bonuses at Ponzi pageant


Click here for the rest.


sierramadretattler.blogspot.com

32 comments:

  1. I want to buy a GemCoin. Would be a collectible piece of corrupt Chinese history that has hit our shores here in the USA. How much for a coin and where do I buy one.

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    1. Put an ad in the Arcadia Weekly. I'll bet you'll get all sorts of fire sale offers. If I had a bunch I'd use them as the shiny objects you put on a scare crow.

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    2. It's definitely a buyers' market

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    3. Can't even be used at laundromats. I think they've now been designated as slugs.

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  2. Kasey Chang responded to a post I made when the Tattler earlier showed a promotional with a slogan that I recognized as Malay-Indonesian: Invest now, spend for your future (loosely translated) wondering how many Malaysian and Indonesian Chinese had been swindled by this GemStone ponzi scheme...she said "thousands." In the last photo today and on the link, you can see this couple, a Malay Sultan and Sultana (king and queen) of one of the several federated Malay states that still have this ceremonial historical position. I will look up to see which state they represent. I lived in Kedah for 2 years and the Sultan of Kedah was a central figure in local politics. I am sure it is still the same today. It is an interesting part of the world and easy to see why these people are every bit as easily bambooseled as the average Chinese with $10,000 to spare. They have a lot of money.

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    1. "Invest now, spend for your future" - buy water bonds

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    2. Leave it all for your grandkids to pick up the tab.

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    3. "He", not she. :) (It's okay, I'm used to it now)

      USFIA's previous Chinese incarnation, "American Mining" in Chinese, kept recruiting in Thailand after being kicked out of China (20+ arrests) and thus, it must have had a large presence in Thailand and surrounding areas, and China's "Operation Foxhunt 2014" to repatriate criminals that escaped overseas nabbed two of USFIA perps that escaped China with Thai police's help.

      USFIA has a good amount of quasi-official presence in Singapore and such. A lot of the information I archived are from this group based in Singapore, who in 2014 mounted an expedition to visit Steve Chen and Arcadia headquarters. I'll have a bit more up on this later.

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  3. Who would you choose to be the governmental spokesperson for GemCoins in Sierra Madre? Past or present?

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    Replies
    1. Robert W Matheson

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    2. Great choice. Those little medals he wears could now be GemCoins.

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  4. "one eye open, one eye closed"
    Perfect description of Wuo and the city government of Arcadia's attitude about him.

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  5. The big question for me is how much of that $160 million dollar GemCoin take was plowed into Arcadia mansionization development. I doubt Wuo would have let that kind of money just sit doing nothing when there are McMansions to be built and invested in.

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    1. You should read his "development plan" for his Quail Ranch Golf Course he bought for a song when it went bankrupt. According to the plan, he wants to build a 1 to 1 replica of the Great Wall (yes, *the* Great Wall), at least a short section of it, on the Golf Course. Muahahahahaha! No, I'm not making this up.

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  6. This all borders on the bizarre. Guns, gems, Mayor Wuo. Somebody needs to be in jail and I think its John Wuo and Steven Chen.

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  7. 8:34,, good question, it would be interesting to contact that person. Curious how much one of those coins would cost.

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  8. Kinda curious about Leonard S Johnson and how he hooked up with the group. Google prouces a little something from Dubai:
    http://www.aimcongress.com/en/speakers-2015/leonard-s-johnson/

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    Replies
    1. He's there because Steve Chen bought a seat for 50K to co-sponsor the gala dinner where Johnson gets to blab for 10 minutes when nobody is paying attention.

      http://amlmskeptic.blogspot.com/2015/07/usfia-update-who-is-leonard-s-johnson.html

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  9. John Wuo is now a flight risk and may head back to mainland China. The FBI needs to move quickly with an arrest. I don't think the United States has an extradition policy with China so it would be very hard to get him back once he flees. Sure Interpol could nab him in another country but why take a chance. They need to arrest him now.

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    Replies
    1. The lack of an extradition treaty between China and the United States is a cold war relic. That is why that criminal element comes here. They know that the United States is a sanctuary for them.

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    2. I thought someone had posted that Wuo was not from the mainland.

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    3. Taiwan. But the US does have an extradition treaty there, so he is unlikely to go there.

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  10. More about Leonard - an author blurb on Amazon. Looks like Gemcoin has been omitted, or would that be scrubbed?

    Leonard S. Johnson is a serial entrepreneur who continuously comes up with new ideas and starts new businesses projects; he regularly conducts speaking engagements about public and private partnerships, economic development and the global flow of technology. Leonard is the former Chairman and CEO of the Pinnacle Group LLP, as well as conducting Senior Stock Loans for corporate executives, he is a member of several prominent organizations, including, The Royal Institute of International Affairs (RIIA), associate of the European Council on Foreign Relations (ECFR), The Fabian Society, Forbes CEO Network, and Citizens for Global Solutions.

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    Replies
    1. Maybe he serves the same function as Wuo. Except that Johnson is the USFIA contact with the US business community instead.

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    2. Johnson is Steve Chen's standin at all functions not near Arcadia. He was in various Chinatowns announcing release of Gemcoin latest last year and earlier this year. So far, he's been documented at San Diego, San Francisco Bay Area, Toronto, New York, and of course, LA area. AFAIK, Johnson was a former sales rep in Steve Chen's AHome.

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  11. The Fabian Society, huh? That's quite interesting.

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  12. Why doesn't Sierra Madre sale stock in there water department, it seems to bring in a lot of money. Sierra Madre could learn from Arcadia on getting more money. They just need to do it without becoming a big city, you know, keep the small town feel while getting back it's sustainability. "Preservation" not easy to do when surrounded by big cities, it's going to take residents and council to be aware of the real problems here, then act on them.

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    1. Interesting idea. Then the stockholders could get in on some of the decisions. Hmm.

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    2. Not sure anyone would want to invest money there, though.

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    3. Crazy people might.

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  13. Kacey. Too bac English dosen't have one personnel pronoun for he/she the way Malay/Indonesian or Mandarin does.

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    Replies
    1. Technically, Chinese has 他 and 她, the latter is female only.

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