|Fox 11 News link here.|
Personally, I do not see how long he can politically survive this. John Wuo has become an acute embarrassment to many of those who used to support him. His continued presence in Arcadia public life is now being seen as a threat by certain key players, people who are not exactly thrilled with the kinds of attention he is bringing to both the town and their business affairs.
Rumors that certain individuals within the Asian development and business community knew of Wuo's involvement in the USFIA GemCoin ponzi scheme, and then used that knowledge to blackmail him into making certain key City Council votes (particularly on mansionization issues), were making the rounds yesterday.
There is now a palpable panic in the air, and many want these troubles to end as quickly as possible. This sordid affair has become extremely dangerous, and not only for John Wuo.
A new Fox 11 News video has been made available this morning. In it John Wuo, standing in the door of his home, attempts to deny any knowledge of GemCoins. The report then goes on to show just how flimsy a defense this actually is for him. Click here for that report.
Yesterday the blog Behind MLM shared the following news. They were among the first to break the GemCoin story to the world, and Oz et al deserve our gratitude. That the blog did this amazing work all the way from Australia and other points on the far side of the planet is pretty amazing. Here is the link.
The USFIA press conference has since been moved to next Tuesday. Many doubt it will ever happen as it is quite possible the GemCoin crowd is packing its bags and will be heading for points unknown, and soon. This would not be the first time a few of them have fled in the face of hostile government investigations.
MLM investigator Kasey Chang has provided us with the following translation of the latest report from the Chinese language newspaper Epoch Times. Apparently unhappy GemCoin investors who complained about being ripped off by the USFIA GemCoiners have been threatened with violence, and even death.
More news as it shows up.