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'Chinese Warren Buffett' facing charges of fraud
THE STAR.com ^ | Jun 11, 2009 04:30 AM | MADHAVI ACHARYA-TOM YEW

Posted on 06/11/2009 2:24:09 AM PDT by Cindy

Note: Photo included.

PHOTO CAPTION: "Businessman Weizhen Tang has been accused of taking more than $40 million from more than 100 investors."

"Weizhen Tang to defend against Ponzi allegations"

Jun 11, 2009 04:30 AM MADHAVI ACHARYA-TOM YEW BUSINESS REPORTER

SNIPPET: "The charges include securities fraud, unregistered trading in securities, illegal distributions of securities and making prohibited undertakings with the intention of effecting trades in securities, which were alleged to have taken place between Jan. 1, 2006, and March 31, 2009. The province's Securities Act states that no person or company can give written or oral representations on the future value or price of a security."

(Excerpt) Read more at thestar.com ...


TOPICS: Canada; Crime/Corruption; Foreign Affairs; Front Page News
KEYWORDS: china; chinese; securities; securitiesfraud; tang; weizhentang

1 posted on 06/11/2009 2:24:10 AM PDT by Cindy
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To: Cindy

The Chinese chumps who got stung got nothing on Madoff’s victims.


2 posted on 06/11/2009 2:30:22 AM PDT by bustinchops
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To: Cindy
Weizhen Tang

LOL.

3 posted on 06/11/2009 3:12:28 AM PDT by SIDENET ("Join me or die. Can you do any less?" -Mr. Sparkle)
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To: Cindy
'Chinese Warren Buffett'

Don't they mean 'Chinese Bernie Madoff'?

4 posted on 06/11/2009 3:43:56 AM PDT by Ken H
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To: Cindy

After a speedy trial he will be dead within hours. Case closed.


5 posted on 06/11/2009 4:35:14 AM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: Cindy

The wheels on the death bus go round and round.....


6 posted on 06/11/2009 5:28:13 AM PDT by wafflehouse (RE-ELECT NO ONE !)
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