Tuesday, April 5, 2016

CHINAWEEK Shocker: The Return Of Johnny GemCoins?

When John Wuo suddenly resigned from his Arcadia City Council seat early last October, he pretty much disappeared from view. Facing an entire rash of difficult legal challenges, the former Mayor of Arcadia might as well have vanished from the face of the planet. It was assumed here that this must have been on the advice of his legal counsel. Wuo had become that radioactive. Many assumed he'd left the country.

In an article titled "Arcadia Councilman John Wuo resigns on heels of lawsuit," penned by the Pasadena Star News reporter Courtney TompkinsWuo's explosive legal debacle was described this way (link):

Arcadia Councilman John Wuo has resigned, city officials announced during the council meeting Tuesday. In a letter read by Mayor Gary Kovacic, Wuo cited health and personal reasons for his resignation. Wuo had served on the council for 12 years, including as mayor for three terms. The resignation comes at a time of intense scrutiny for Wuo, whom the Fair Political Practices Commission is investigating for alleged violations of the Political Reform Act, a spokesman confirmed Monday. A complaint filed by Arcadia resident David Arvizu prompted the investigation into alleged violations of the act’s statement of economic interests disclosure requirements as well as the prohibitions regarding conflict of interest.

In addition, a class action lawsuit was filed alleging Wuo helped to defraud investors in a $32 million “pyramid scheme.”

An attorney filed the lawsuit on behalf of U.S. and Chinese investors who were allegedly bilked by Arcadia-based business US Fine Investment Arts, Inc. (USFIA). The lawsuit, filed in Los Angeles County Superior Court, names 10 defendants, including USFIA, the firm’s CEO Steve Chen and Wuo, who has been under scrutiny for his public endorsement of Chen, USFIA and Gemcoin, a cryptocurrency at the center of the alleged scheme.

“In one particular video clip of Wuo (at a USFIA marketing event,) the first thing he said to the crowd was ‘I am the mayor of Arcadia,’ so obviously that’s important,” Attorney Long Z. Liu said of Wuo’s inclusion in the lawsuit. “Especially to investors in China because if a business is publicly endorsed by a government official, not only is the business legitimate, but the business will make a lot of money.”

Among the complaints lodged against the defendants is fraud, negligence, breach of contract and civil R.I.C.O, the Racketeer Influenced and Corrupt Organizations Act, according to the document. Liu said he is seeking a minimum of $100 million in damages. The plaintiff has requested anonymity after allegedly receiving threats on his or her life, Liu said.

Not the prettiest situation for anyone to find themselves in, and perhaps vanishing from public view was not the worst thing for John Wuo to do. Any public figure facing these kinds of allegations might choose to do the same. And search as we might for any indication of his whereabouts, we here at The Tattler, among the very first online news entities to break the Johnny GemCoins story, could not find that dude anywhere.

That is, until now. Welcome to CHINAWEEK 2016.


So what is CHINAWEEK you ask? Good question. Here is how they were happy to describe themselves (link):

CHINAWEEK is an annual, week-long series of events designed to bring the most current, relevant, multidisciplinary information about China and Chinese culture to the western world via Los Angeles, the natural US gateway to China.

In cooperation with prominent local organizations, the private sector, NGO’s, governmental agencies and their equivalents in China, CHINAWEEK events will take place throughout the greater Los Angeles region from May 7-14, 2016 across nine sectors including: arts and culture, business, education, entertainment, environment, public affairs, science and technology, tourism, and philanthropy.

CHINAWEEK is programming, marketing, and promoting the events, which will be presented by partnering organizations such as The Getty, the Milken Institute, Governor Brown’s Office of Business and Economic Development, USC Pacific Asia Museum, local civic and trade organizations, independent galleries and restaurants.

Pretty impressive, right? And with such platinum level names as California Governor Jerry Brown and The Getty to drop on our heads, you can certainly see that this is a first rank cultural event for the City of Los Angeles. Multidisciplinary, too! That is so vibrant.

So imagine our surprise and delight yesterday at finding this first indication of the continuing political existence of John Wuo anywhere since October of 2015. Here is how he is listed on the CHINAWEEK website:


Honorary Board sounds pretty important, right? It can be assumed that when you're in with the likes of Michael Antonovich, a guy with more kiddy parks and jogging trails named after him than any other Los Angeles County politician in recent memory, you're running with the big dogs. Obviously this is a recognition meant for people the CHINAWEEK organizers believe are very important, and will help dress up any dais or dinner event.

But wait, there's more. And yes, it is another GemCoins related revelation. Listed under the rubric "Our Team," and identified as the Advisory Board for CHINAWEEK 2016 (though our person of interest here is a member of the Executive Board as well), are the following individuals.


The person we are focusing on from the above list of worthies is Kim Holland, who is listed here as both an Executive Board and Advisory Board Member for CHINAWEEK. Kim apparently did some work with the USFIA, that now less than celebrated former corporate home for GemCoins and its controversial founder, Steve "The AmbermanChen.

So you know, Steve Chen is currently under rather intense investigation by the SEC and hasn't been getting out much lately, either (link).

Here are two screen shots from a GemCoins event that took place in 2015. Apparently the momentarily happy suckers pictured below waving their big keys in the air were being given Mercedes Benzes because they bought a boatload of utterly worthless GemCoins. Which were at that time believed to be backed by amber mines, but were not really.


Kim Holland is the blond lady on the far left. On the right sporting a snappy bowtie is none other Leonard Johnson, who was an executive at USFIA, the Arcadia-based worldwide corporate home of the GemCoin. Haven't seen too much of him lately, either. In the middle? Johnny "GemCoins" Wuo himself.

Here is another picture. This was apparently taken just before the six GemCoin chumps were called up to the stage to receive their big cardboard keys.


It was nothing but good times from the Alliance Financial Group and their well-turned out GemCoin program presenters that day. And now it is all over.

Here is some info about Kim Foster from a website called Foster Dreams ("Get Active. Connect With Nature. Dream …"). Link here.


We will have more news on this matter as it becomes available.

sierramadretattler.blogspot.com

45 comments:

  1. Maybe there will be a GemCoins booth there. Run by the Amber Gem Queen.

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    Replies
    1. Most men can only dream of the great beauty of the Amber Gem Queen. Their lives are filled with longing.

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    2. Will there be a Cappocia Coin for Amber Coin exchange and what will the estimated exchange rate be?

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    3. I think they let you make the exchange rate up. Just as long as it is financed by US dollars.

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    4. Capoccia Coins are backed by a 66% increase in utility taxes.

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  2. John Wuo and Mike Antonovich together again! The depth of LA County corruption knows no bounds. It's galling to realize they think no one is paying attention. With the demise of the star news all I can say is nice investigative work Mr. Moderator.

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    1. https://youtu.be/cYKVb7T1n2I

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    2. Gotta love your Buck Owens.

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    3. Bakersfield's Finest.

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    4. Just change "Ebony and Ivory" to "Jade and Ivory ."

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  3. GemCoins backed by Amber mine. I think.

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  4. Will John Wuo be endorsing Bob Harbicht for City Council soon?

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    Replies
    1. Have You Ever Considered They...April 5, 2016 at 7:37 AM

      may be the same person. Have you ever seen them together?

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    2. They are the perfect union of time and wasted space.

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  5. Our city hall is in denial and refuses to try to cut expenses. Maybe city hall should hire Johnny wo to be our mayor, create another ponzi scheme, and help city hall pay those Millons of dollars of pensions.

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  6. can I pay the UUT with gem coins?

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    Replies
    1. Yes. We'll use it for SMPD payroll.

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    2. It is a good time to invest in GemCoins. Prices have never been more reasonable.

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    3. GemCoins are backed by utility taxes.

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    4. Hopefully the residents will vote to keep GemCoins worthless on April 12th.

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  7. Did I get this correctly? This cultural event is sponsored, in part, by the Chinese government? All these politico's and corps are right along side them? The Saudi's are buying up farm land, the Chinese are buying everything, and we need more cultural awareness? Something is very wrong with this picture! Maybe the US needs to sponsor a big cultural event for what's left of us.

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    Replies
    1. Stop thinking outside the box or basically thinking it's an action that will get you labeled as a subversive racist ,a trip to the glue factory ,and you'll really piss off the Sheepeles Republic .

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    2. Strict adherence to established governmental authority is mandatory citizen behavior. Vote YES on Measure UUT.

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    3. Well, we do have Fox News for culture.

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  8. No more UUT Nd no more UUT Taxes. City hall must live within its means and cut the fat and reduce spending. The taxpayers can no longer afford to pay a police chief $290k a year for only working part time (15 hours a week) and a city manager $350 a year including benifits who can not find any job outside of Sierra Madre. There has been a waste of taxpayers monies for years and it's now time to clean up and terminate many city employees jobs.please. and the city council also needs to be replaced for allowing this crap to continue the to happen!

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  9. Did those GemCoin "winners" actually get a Mercedes Benz? How many GemCoins did they have to buy?

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    Replies
    1. Elaine got one!

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    2. And people say GemCoins aren't good for anything. Hah!

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    3. They don't let you use them at the Drop-A-Load anymore.

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    4. There's an odd irony in regards to the name of the local fluff & fold and Sierra Madre City Government.
      Drop -A- Load ???
      Let's see dirty laundry and a load of crap ...works for me.

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  10. Replace them with the day laborers .

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  11. The Facebook page for the MUUT's says that the No on Measure UUT Committee has terminated itself.

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    Replies
    1. What is their take on the recent outbreak of flying pigs in town?

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    2. That means an earthquake is coming.

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    3. I knew that!

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    4. Santa Clarita had an EQ last night .

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    5. And Santa Clarita uses LA Sheriff Dept! Eeek.

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    6. Maybe Chief Larry G can send some SMPD to help Santa Clarita. Of course, it could only be daytime help.

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  12. The who's who list is exciting all in it's self - there were people who sold out to the NAZI's during WW2 this could lead to something very big? Money can change loyalty in a New York Minute. Beware of those bearing strange Gifts and Schemes & Scams.

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  13. Is Antonovich trying to get the Milky Way Galaxy named after him? If he is, it would, of course, show that he's quite a humble man considering that the name of the Universe is still up for grabs.

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    Replies
    1. Thank you, Supervisor Antonovich!

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

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  15. To be honest, Wuo and Holland were known for bring Chinese money to Arcadia (and LA area in general) and their involvement is NOT a surprise. They were probably as surprised as how fast did the Steve Chen debacle went downhill, but they were warned.
    I can see how Chinaweek would hire them as consultants as they are experts. However, you can be sure that US and maybe even some Chinese media will continue to hound them. This will depend on their PR strategy.
    Personally, both should just come right out and throw Steve Chen “under the bus” and claim they were merely helping out a prosperous business in Arcadia, but their lawyers may have told them to simply ignore the issue. We shall see.

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    1. Not likely Wuo will see any heat from any media - Chinese or otherwise - will make much mention ever again. I'm sure his legal firm is the same one who was able to make the World Capital Market AKA WCM777 (Phil Ming Xu) problem go away for Mary Su the councilwoman from Walnut.

      Mary Su was making similar endorsements for World Capital Market prior to it being shut down by the S.E.C. Ming Xu, like Steve Chen also was a heavy investor in property including golf facilities.

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