Thursday, October 1, 2015

John Wuo's Form 700 Shows Nothing About Steve Chen

They seemed close back then.
Yesterday was the biggest traffic day ever for this blog. Thanks to everyone who contributed knowledge, written material and photos on the USFIA raid. I couldn't have done it without you. Or at least not as well as it went.

One of the things that keeps this blog rolling along as it does are all of the tips and ideas that people send my way. And what we have for today's post is no different. Only this time the suggestion and the possible answer arrived within hours of each other.

First I received this idea from a reader:

Public Record Act request to City Hall for John Wuo's Form 700. See what he lists as his sources of income (I'll bet his joint venture with Steve Chen isn't listed) and then of course he will face fines from the FPPC. It's what's he's afraid of.

Form 700 is also known as the legally required "Statement of Economic Interests." All politicians running for office must file one.

Then hours later I received the following from another reader. Completely independent of each other and without any connection. I'm not sure these two folks know each other.

Big John, I've attached a copy from the FPPC site for Wuo's 2014 filing. I suggest you request a copy of his (710?, can't remember the form number) campaign filing report for the last time he ran.

Since then I have requested everything available from the FPPC and await their reply. Form 460 could be interesting. However, here is the Form 700 information I was forwarded by that second reader. And unless I am wrong, there is nothing about Steve Chen or any USFIA connections on there. Which could mean he was not being forthcoming about any business connections with Mr. Chen.

Remember, previously we posted a document that established for us the business partnership between Steve Chen and John Wuo for something called 24 Hour Surveillance LLC. You can view that document by clicking here.

Below is John Wuo's Form 700 for the applicable period. There is no mention of 24 Hour Surveillance LLC. Or much of anything else for that matter. It is surprisingly sparse.


Perhaps this isn't all of the story. We will keep digging. But for the moment this does raise some doubts about John Wuo's forthcomingness on the matter of his business dealings with Steve Chen.

You have to wonder why. Well, OK, maybe not.

sierramadretattler.blogspot.com

48 comments:

  1. Lets face it professional white color criminals rarely speak the truth nor act in a professional manner before during or after the crime has been committed so stay tuned for more revealing facts surrounding this investigation during court room testimony's.

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    Replies
    1. Neither do white collar criminals. Good Morning

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  2. The FBI is going to uncover a tangled mess of corruption and Wuo is right in the middle of it.

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  3. Wuo big crook. Belong in jail for long time.

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    Replies
    1. Maybe he & Chen can be cell mates.

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    2. Lao wai alert again. Please stop the nonsense.

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  4. The next shoe to drop is going to be indictments. This is a big case with alot of players involved. Expect some additional names in the city to get indicted also.

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  5. How many people will be at the next Arcadia City Council meeting calling for Wuo's resignation?

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    1. Asking Wuo to resign makes sense. He's going to be very distracted (tied up?) with legal issues for several years, by the looks of it.

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    2. At least I hope there's a vigorous email campaign to the Arcadia council going on.

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    3. City atty must have the City Council on lockdown.

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    4. This comment has been removed by a blog administrator.

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  6. Show a Little LoveOctober 1, 2015 at 8:03 AM

    How about some compassion? John Wuo has been under a lot of stress lately getting all those McMansions approved.

    Maybe he forgot all the business dealings with Steve Chen? It might have slipped his mind.

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  7. Wuo's attorney will cut a deal for immunity for Wuo in exchange for Wuo singing like a canary.

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  8. Jeez, Wuo lives so modestly - somebody took him for golf and dinner, and that's it, huh?

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    Replies
    1. Maybe he is not popular.

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    2. Dear Mr & Mrs Homeowner,
      I got your big-ass Arcadia house approved, why don't you call?
      John Wuo

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  9. Sierra Madre had better steer clear of all these crooks .
    No dealing with anyone connected. Toxic ain't the word!!!

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  10. These types of crimes have been going on since the beginning of time. Just take this same scenario to other entities and see what you can find if they are careless like this group was. Very few of these investors will get any of their money back. Sad but true.

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  11. LATImes just weighed in with even more interesting details:

    "Earlier this month, according to the filing, Chen attempted to wire $7.5 million out of USFIA’s account at Bank of America to a Chinese bank after he was interviewed by the Arcadia Police Department about a separate case involving alleged death threats against disgruntled Gemcoin investors. "

    "USFIA has raised about $32 million from investors since 2013, according to the complaint. Nearly $19 million of that came from foreign investors, with $5.7 million coming from checks mostly issued by domestic investors, it said.

    The company’s bank accounts show no apparent revenue over that period, the complaint said. Instead, recorded transactions show large withdrawals to purchase luxury automobiles, entertainment and travel, as well as several transactions with various companies controlled by Chen."

    http://www.latimes.com/local/lanow/la-me-ln-federal-seize-assets-arcadia-20150930-story.html

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    1. Looks like the Chenster was going to throw another Mercedes party. Good thing the Feds seized those bank accounts!

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    2. "Guess I'll stay here, if I go to China I won't have any money."
      Steve Chen

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    3. $32 million - the guy must have had a charisma that doesn't translate in pictures.

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    4. Must have quite a gift for gab. Or maybe it's his gun collection.

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    5. 'Chenster'? 'Jonny Gemcoin'? 'Peacock veil'? Who be poppin' all that corn?

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  12. the plot thickens

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  13. USchinapress tried to get more reactions but apparently Sho Tay had nothing else to say.

    Translated:

    --------
    Council members involved in Gemcoin Scam? Council "not appropriate" to comment

    Attorney Long Z Liu said he will initiated a class action lawsuit against Steve Chen, John Wuo, Quen Jiang, etc. 4 people as "co-founders" of USFIA/Gemcoin. Reporter attempted to contact the 4 people named, but until 6PM the phone was either unanswered or messages were not returned.

    On morning of 30th called councilman John Wuo for his reactions to attorney Liu's reaction, but was not answered, and message left was not returned by 6PM.

    Two numbers found for Quang Jian (former Chinese comedian) in LA area, but neither number was answered and message left was not returned.

    Councilman Sho Tay was contacted . Sho Tay called back, indicating that before there's conviction the council "not appropriate" to express things related to Gemcoin scam or councilman Wuo.
    ---------

    end translated http://news.uschinapress.com/2015/0930/1038823.shtml

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  14. What's interesting here is There's a story on ChinaPress website that has the title "John Wuo: hired lawyer to take care of Gemcoin case" (鄂志超:珍宝币案件已委托律师全权代理) but that article is gone. It was there because it was indexed by Google.

    Check the following link, third one down probably. Yes, it's in Chinese.

    https://news.google.com/news/story?ncl=dBC2d702Vjk9amMvC1DVc4KqJCZYM&q=%E7%8F%8D%E5%AE%9D%E5%B8%81&lr=English&hl=zh-CN&sa=X&ved=0CB4QqgIwAGoVChMIxe7w1OOhyAIVyZqICh2JrgjE

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    1. Here's the Cached page for the website that has the title "John Wuo: hired lawyer to take care of Gemcoin case" (鄂志超:珍宝币案件已委托律师全权代理):
      http://webcache.googleusercontent.com/search?q=cache:Qqj0GBouNCMJ:news.uschinapress.com/2015/0930/1038819.shtml&hl=en&gl=us&strip=0&vwsrc=0

      You can also find the same article at:
      http://dailynews.sina.com/bg/news/usa/intnews/chinapress/20150930/18246944598.html

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    2. Thanks. My Google-fu must have gotten hit by a -3 sugar crave.

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  15. Seems the news has gone global. Many Bitcoin related news websites picked up the bit about Gemcoin. I'm finding stuff in Germany

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    1. Johnny GemCoins goes viral.

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  16. is that John Wuo peeking thru the blinds in the last photo?

    http://news.uschinapress.com/2015/0929/1038723.shtml

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    Replies
    1. No. Too young.

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    2. One of the US Marshalls guarding the premises, IMHO.

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  17. Steven Chen issued a statement, as seen in the comments on the Behind MLM article. According to him, everything is business as usual:

    "To ensure that formally USFIA fully respects the legal regulation and remains clean of all false accusations, Steve Chen asked to cooperate fully with the Security and Exchange Commission (SEC) with the help of the FBI, and gave full access to the process flows and USFIA GEMCOIN by One World Currency to control the legal aspect. During this control, public access to servers USFIA of websites will be interrupted for two days or more. This interruption during the investigation will be used to continue to test the process, update data and system and to continue to transform the bonus points in crypto Gemcoin currency. Please note that this survey is a great opportunity for Gemcoin launder and wash once and for all the name of all suspicion of embezzlement. Once this investigation is complete we can reach the heights that we have set, free of legal pitfalls. As pioneers in this new phase gemcoin of cryptocurrency, it is hoped that we will all be patient for the next 13 days. We wish you the best!"

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    1. I am not sure that's him, I could have written something like that based on what I know.

      In fact, a blogpost on Sina in Chinese, sounds like it was written by a troll, claiming AFG 8 had been invited to attend UN70, Xin Jinping called to congratulate Steve Chen, and Leonard S. Johnson is related to Obama. Oh, and FBI wasn't involved, and SEC investigation is "routine". :D

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  18. The State of California has issued a Desist and Refrain Order against USFIA. Details on the KPCC Website.

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    1. http://www.scpr.org/news/2015/10/01/54760/gemcoin-feds-seize-assets-of-digital-currency-firm/

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  19. Google translate really,really,really sucks on Mandarin that's all I know.

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    1. Google translate is hopeless. Reverso is a great translator:
      http://www.reverso.net/text_translation.aspx?lang=EN

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  20. SEC press release:

    http://www.sec.gov/news/pressrelease/2015-227.html

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    Replies
    1. Well that's pretty clear.
      Bye bye Gemcoin.

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  21. Epoch Times claimed to have talked to a “John Xiao” 肖約翰, supposedly an insider who said that half of the “top 30” in USFIA had left the US and will continue to scam and release misleading news.

    Posts had released on Sina blog that claimed AFG 8 member team had been invited to attend UN 70th anniversary, that “FBI closed company” is “besmirched by media”, and workers leaving is “cooperating with SEC routine investigation”.

    John claimed that on 9/30, Steve Chen held three meetings (for separate ranks) at his home, at at the McMansion (USFIA Club), and a hotel he bought recently (?) to discuss how to flee the US, how to launder and hide the assets, and even on how to spread the new account numbers to have investors continue to put money into new accounts.

    John claimed that there are about 30 “inner circle” members around Steve Chen, including Coco Xu, Wang Wei, Connie Cheng, Leonard Johnson and Kim Holland.

    Many top level participants have been active in other scams, such as CKB168 (edutainment Ponzi) and WCM ponzi. It’s even rumored that some of the top participants that was arrested in China earlier may have been released.
    John claimed that no weapons were found at USFIA because they had been hidden at other locations. And Steve Chen will drag other Chinese-American politicians into the mess, not just John Wuo. In USFIA office was a picture of Steve Chen and disgraced California State Senator Leland Yee. It’s also said that Steve Chen held a fundraiser for a certain Chinese American elected official and got 178000 dollars.

    The posts appearing on Sina appears to be completely bull****, even claiming as far as Leonard Johnson is a relative of Obama. John said Johnson and company went to New york earlier to promote Gemcoin and took a photo in front of UN, no idea who changed that to say “Invited to UN70”.

    http://www.epochtimes.com/b5/15/10/2/n4541190.htm

    I am wondering if we're getting trolled, or is Steve Chen actually that stupid.

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  22. John Wuo has managed to get city of Arcadia employees to make plumbing repairs to his property at 75 N. Santa Anita. He uses his pull with the city to get work done for free, the same type of work any other business owner would have to pay for themselves. This guy is slimy and knows how to take advantage of any situation.

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  23. https://www.youtube.com/watch?v=aybeCGId0-g

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