Monday, September 14, 2015

Will GemCoin Protestors Be Seen At Tomorrow Evening's Arcadia City Council Meeting?

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The word we have received at Tattler Trans-Global World Financial Enterprises, Inc. (which, and contrary to recent rumors, is not backed by amber mines, real or imagined), is that many of the region's victims of this $160 million dollar Arcadia-based USFIA/GemCoin international ponzi operation will be staging a protest at tomorrow evening's City Council meeting there. 

This would be an unprecedented event for what are usually very staid and scripted affairs at Arcadia City Hall. Such spontaneity would be quite unprecedented for meetings that usually celebrate quite uninteresting things. The sight of paint drying can often seem exciting in comparison.

Apparently the reason for this protest is the anticipated (but in no way guaranteed) presence of Arcadia City Councilman John Wuo. Many of those defrauded in the GemCoin scam claim they invested in this now discredited crypto-currency pyramid scheme because it was felt that the presence of John Wuo, a current elected official and three time former Mayor of Arcadia, lent considerable credibility to claims being put forth by USFIA and its leader, Steve "The Human Amber Mine" Chen.

Here is how Wuo's involvement was reported recently by Fox 11 News in Los Angeles (link):

Some of the local investors say that they would never have put their money into Gemcoin if it wasn’t for the intervention of an Arcadia city councilman, John Wuo. They claim Wuo stood beside Chen at investment recruitment meetings and they believed he was endorsing Gemcoin in an official capacity. The investors provided YouTube videos showing Wuo calling the currency “breakthrough and cutting edge”, along with photos showing him at various Gemcoin events over the past year.


Here is how the Los Angeles Times reported this (link):

Standing in front of a group of local Chinese TV and radio reporters earlier this year, Arcadia City Councilman John Wuo spoke about an investment opportunity called Gemcoin, a digital currency in the vein of bitcoin. He said it was a "breakthrough in finance."

"This is cutting edge," said Wuo, flanked by Gemcoin executives. "This has great potential for our economy."

At another appearance in May, Wuo took the stage at a conference in Los Angeles and lavished praise on Steve Chen, the founder of the company launching the currency, calling him "one of the quickest thinkers" he had ever known.

Despite the many videos, photographs, eyewitness and print accounts that clearly show his close involvement, John Wuo now denies having any role in the GemCoin ponzi operation.

The City of Arcadia is the location of the world headquarters of Steve Chen's international GemCoin web of fraud and deceit, with former Arcadia Mayor John Wuo its omnipresent poster boy. For many of these victims Arcadia City Hall now stands at the very heart of the beast, and being there tomorrow evening has become an imperative.

Arcadia City Council meetings kick off at around 5:30, so if you are planning to stand with the protesters to add your voice to the outrage at what has been going on there you should arrive an hour or so earlier. 

Arcadia City Hall is located at 240 W. Huntington Drive.

Personally I think that anyone who has been shocked and appalled at the outrages that have occurred in Arcadia over the last year or so owes it to themselves to attend.

I plan on being on site to help support these people, and I hope to see you there as well.

sierramadretattler.com

53 comments:

  1. If the show down comes during a Arcadia, California city council meeting between protesters who were 'ripped off' the voting residents have no choice but to ask some unscrupulous individuals employed by the city of Arcadia to resign and or be recalled? Either way the local police department will be caught in the middle.

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  3. Anybody taking odds on whether or not Wuo will show up tomorrow?

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    1. I think it'll be more like that an Amber Alert (get it?) will be issued for the missing John Wuo.

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    2. He didn't come when things weren't this bad at the last meeting, so I don't thin he'll show for this one. Probably claim some safety concern, ya know, on the advice of counsel.

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    3. Maybe he has already left the country. USFIA has a pretty big presence in Indonesia.

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    4. I would leave if I were he. Fly away.

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    5. Wuo should talk to Joe Mosca. Joe quit his council seat midterm and left the country.

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    6. Should fly to amber mine. Make sure it is backing GemCoin.

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    7. @2:11 -- no need, should be in Mexico, according to someone who attended their sales seminars and summarized it in a slide.

      http://amlmskeptic.blogspot.com/2015/07/usfia-update-is-usfia-involved-in-child.html

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    8. Maybe Wuo could join the children working in that mine. A bit of a lifestyle change, but that is a good thing on e in a while.

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    9. OMG, OMG !! Put this into Google Translate!!!!!

      http://www.sinembargo.mx/18-05-2015/1345183

      This is what NAFTA and global corruption bring into our country, and TPP is this crap on steroids

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    10. @8:08PM -- here's an English article that talks about the same thing:

      http://www.sandiegored.com/noticias/63736/Chinese-Enterpreneurs-Exploit-Mexican-Children-For-Amber-Extraction/

      As I said, this blog brought the news first.

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  4. Personally I worry about his body guards, do they carry weapons?

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    1. I hope Arcadia City Hall is a gun-free zone.

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    2. Don't be a fool. City Hall is right next to the PD. Chen's cowards only attack old people when there is nobody else around.

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    3. I tend to more worried about how angry people will get after having lost thousands of dollars in Mr. Wuo's ponzi scheme.

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    4. Wuo might need a police escort just to get into the building.

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    5. If it's like Sierra Madre, there will be police officers outside and iside the council chambers. They'll be ready.

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    6. I'm going. Can't wait. It is cathartic to let the bums have it once in a while.

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    7. @7:16 PM -- not when they're playing "Gemstone appraiser", esp. the one posing with that big shotgun:

      http://amlmskeptic.blogspot.com/2015/07/usfia-update-who-is-this-security-guard.html

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  5. Josh I Used To Be Mayor MoranSeptember 14, 2015 at 7:28 AM

    Almost 3.5 million hits? Gee, I guess somebody does read The Tattler.

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    1. He was a bit of a hot head.

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    2. It sure seemed like a lot of people knew which one of his buttons to push.

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    3. Yeah, it was great. We could make Josh, Joe or Nancy explode on command.

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  6. I don't feel sorry for the Chinese that invested in a get rich quick scheme. Now they have less money to ruin Arcadia and less money to buy up our town. By the way, who do you think is buying up all the apartment buildings and property in town?. It ain't the locals or their children. They are sucking up the real estate like a mighty Hoover vacuum.

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    1. You don't think the $160,000,000 raised in this ponzi scam isn't going into real estate? Why do you think John Wuo is such a big McMansion supporter?

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    2. That's exactly were it went. If the money can be traced, the govt should seize the property and sell it at auction to American citizens.

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    3. Better yet. Tear the damn McMansions down and replace them with traditional houses.

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    4. traditional houses are communist

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  7. There is going to be hell to pay on Tuesday night. But its not just Wuo who is culpable. He was acting in his official capacity as a representative of the City of Arcadia. So it wasn't just Wuo endorsing GemCoin, it was the City of Arcadia endorsing GemCoin.

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    1. The McMansion development crowd and their supporters at City Hall knew all about this ponzi scheme and didn't say a peep. They knew where that money was going. Right into their pockets.

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    2. This is how organized crime corrupts a city.

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    3. I disagree that the city will be in any way legally liable for the despicable antics of one of its council members.
      If that were true, there wouldn't be any cities left.

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    4. That's why they take out insurance.

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  8. Why does Steve Chen wear dark glasses even indoors. He looks kind of creepy, almost like Jim Jones of Jonestown fame or should I say infamy.

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    1. It is all the amber the Amber Gem Queen wears. It is too dazzling for him.

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    2. My guess is that he's trying to develop a too-cool persona. Or hide just how old he really is.

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    3. Maybe his eyes occasionally roll back in his head. You know, like when he is lying.

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    4. There is a lot of black hair dye on Asian men. I've heard that it's not ok to go gray until you're 70.

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    5. Yes, that "shoe polish" look. Charming

      The whole culture is so backwards and superstitious that this scam is nothing if not expected. It's going to come down hard, the Beijing government won't be able to keep propping up the financial system in China because this is kind of typical. All "fronts" reminiscent of the Potemkin Village strategy that collapsed in Russia in 1989. Same cause, a loosening of restrictions on capitalism. Assets moved rapidly offshore (happening now from Hong Kong) with waves of corruption.

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    6. I wonder if John Wuo actually thinks people will buy into his claims that he was not involved in the GemCoins crime wave.

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    7. Worrying about what John Wuo thinks is the definition of a waste of time.

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    8. Happened to the US in 2008 too

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  9. I hope every swindled investor turns out to Tuesday's meeting. And you are talking about thousands of people. They should all come out and send Wuo and Chen a message that they can't get away with this. Wuo is crook and will soon be indicted. Let the FBI complete their investigation and then heads are going to roll.

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    1. I hope they've all called the FBI and made their reports.

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    2. According to the LA Times article the FBI has been speaking with the swindled investors.

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  10. The Chinese Communist Party's power has long rested on four pillars: economic growth, nationalism, repression and communist ideology. The last of these withered away almost entirely as China liberalized its economy, with slogans such as "Long live the invincible Marxism-Leninism theory" replaced by "To get rich is glorious." Now the first pillar is unstable too.

    http://www.latimes.com/opinion/op-ed/la-oe-0914-schoenfeld-friedberg-china-danger-20150914-story.html

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  11. "The Chinese Communist Party's power has long rested on four pillars: economic growth, nationalism, repression and communist ideology."
    Well said.
    And if you observe Russia ,you will see how it progresses. Nationalism and repression are the sole surviving characteristics.Let's hope Russia and China don't combine forces? Woops, the did.

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  12. Thanks to you, for your always eye popping report, and to those who make the wise and witty "anonymous" comments.
    For anyone going to the Arcadia City Council tonight, I have been told we should be there by 6:30. It appears that it will be a show worth attending! John Wuo just has to see how he is hurting Arcadia by hanging on! I can wish, can't I?

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