|No amber mine.|
But after the FBI/SEC (etc.) raid and the rest of that excitement, things got kind of quiet. The Federal prosecutorial sausage makers assumed control of the process, and obviously they have taken their time. Thoroughness and care being their watchwords. And who am I to complain?
Besides, and as you will soon see, it now turns out GemCoins were not backed by amber mines after all. Rather the Chenster made all that stuff up. Probably didn't even tell his stooge Mayor John Wuo that the whole ridiculous story was a bunch of lies, and that most of those supposedly precious amber stones laying all about the USFIA offices in such copious quantities actually had the equivalent value of costume jewelry.
A complete and utter fraud as it turns out. One that raked in $32 million dollars from the gullible and naive before the Feds finally put an end to the sordid mess.
And it was the Feds that had to do it, after all. Arcadia City Hall somehow overlooked the entire massive GemCoin ponzi scheme happening right under their noses. Perhaps they had more important things to do.
Anyway, our good friends at BehindMLM.com have been following up on these important matters, and yesterday filed a hilarious report on the happenings since that fateful day. I thought I would post a little bit of it here, then guide you to that rather amazing blog for the rest of the goings-on.
For the rest of the story, click here.
The Old Regime Reunites for Larry Torres
The night that Larry Torres was elevated by a handful of voters to his current seat of glory on the Pasadena Unified Board of Education, his dearest supporters gathered with him to help watch the voting results.
And who were these supporters? We have this photographic evidence.
Let's see. In addition to Larry himself we have your John Buchanan, the former Mayor and City Councilman whose 8 years of futility in office is highlighted every time another pipe bursts or further evidence of Sierra Madre's struggles with potential insolvency surfaces.
Then there is Occidental College professor Peter Dreier, a gentleman whose work on the $15 dollar minimum wage became somewhat controversial when it was later revealed that the hard working underclasses of Los Angeles County would not be getting their $4 an hour raises until 2020. Half a decade away.
In this picture we find Tom Selinske, who recently lost his attempt to further his troublesome work on the PUSD Board of Ed by failing to get elected to a seat on whatever it is that runs Pasadena City College these days.
And isn't that Bart Doyle himself a-sitting there? Goodness gracious me. Quite a bunch.
Just so you know what it is you might have voted for.