USFIA hold GemCoin gala at Steve Chen McMansion
Despite denials from USFIA that they are running the GemCoin Ponzi scheme, video footage has emerged clearly suggesting otherwise.
Despite denials from USFIA that they are running the GemCoin Ponzi scheme, video footage has emerged clearly suggesting otherwise.
Another two weeks, another action-packed Arcadia City Council Meeting. Packed to the rafters, the September 15th meeting saw multiple calls for John Wuo’s resignation, along with teary testimony from USFIA victims.
The GemCoin situation in Arcadia continues to deteriorate, with the latest seeing a planned protest called off due to threats of violence.
Following encouragement from Arcadia City Manager Dominic Lazzaretto, suggesting USFIA investors contact Arcadia Police Department, several investors have taken him up on his advice. Armed with banners similar to those that caused the cancellation of a USFIA Ponzi gala late last month, USFIA investors stormed Arcadia Police Department and called for the arrest of Steve Chen.
It’s now looking more certain than ever that we’re going to see an MLM cryptocurrency bust by the end of the year. The latest in the cryptocurrency MLM niche is the news that the FBI are actively investigating USFIA.
Things continue to heat up in Arcadia, the USFIA Ponzi scheme’s home turf, with news today that City Council staff are openly requesting investors contact local police. Seeking comment from City officials regarding the ties of one of their own to USFIA, Arcadia Weekly were told by City Manager Dominic Lazzaretto; Anyone with specific information of [Continue reading…]
What a small world it sometimes is. A reader sent in a call for review yesterday via a comment on our Options Rider Review. For those unfamiliar with the scheme, Options Rider is a binary options Ponzi scheme operated by Bob Roberts. Roberts is based out of China, where he believes he’s safe from US regulators. [Continue reading…]
August 28th saw USFIA hold a GemCoin gala at the Ontario Convention Center in California. As per USFIA marketing material: Domestic teams- joining at $10,000 and sponsor $30,000 will be reimbursed for 4 days accommodation. International teams-joining at $10,000 and sponsoring $50,000 will be reimbursed for 7 days accommodation as well as flight. The conference [Continue reading…]
July 21st saw another Arcadia City Council meeting take place and with it, another barrage of criticism relating to the city’s real-estate issues. Added to the mix was an update on the John Wuo USFIA situation, with comments from residents and finally response from Wuo himself.
Following denials by Wuo claiming he has no idea what GemCoin is, and that USFIA “used” him to promote their scheme, a resident of Arcadia citizen spent six minutes roasting Wuo at a city council meeting. The comments directed at Wuo were given during the “public comments” section of the meeting, with David Arvizu taking to [Continue reading…]