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GemCoin ruled a pyramid scheme by federal judge.

https://arcadiahistory.andornot.com/en/permalink/newspaper34775
Newspaper
Arcadia Weekly
Date
January 5, 2017
Pages
p. 1, 11
More detail
Newspaper
Arcadia Weekly
Date
January 5, 2017
Pages
p. 1, 11
Subjects
Chen, Steve
Gemcoin
Ponzi scheme
Item ID
34966AN
Collection
Newspaper Index
Less detail

Arcadia firm GemCoin proves it owns amber mines in Caribbean, backing E-currency (cryptocurrency), despite earlier claims those mines did not exist. Still, there is no evidence GemCoin's digital currency had any revenue backing it beyond the funds generated from investors, according to court-appointed company tasked with going through U.S. Fine Investment Art Inc.'s books. Investigators found 300 acres of land in Dominican Republic, with a working mine, purchased for $373,000 in the name of CEO Steve Chen's brother Yan Chen.

https://arcadiahistory.andornot.com/en/permalink/newspaper34724
Newspaper
Pasadena Star News
Date
November 23, 2016
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
November 23, 2016
Pages
p. A1, A6
Subjects
Chen, Steve
Chen, Yan
Cryptocurrency
Gemcoin
U.S. Fine Investment Art Inc.
Item ID
34916AN
Collection
Newspaper Index
Less detail

Obituary/death notice.

https://arcadiahistory.andornot.com/en/permalink/newspaper33267
Newspaper
Pasadena Star News
Date
December 11, 2012
Pages
p. A4
Announcement Type
Obituary or death notice
More detail
Newspaper
Pasadena Star News
Date
December 11, 2012
Pages
p. A4
Announcement Type
Obituary or death notice
Subjects
Joseph, Paula Jean
Item ID
33464AN
Collection
Newspaper Index
Less detail

Thomas Seaman, investigator of alleged Gemcoin fraud, issues first report. It reveals mounting evidence of fraudulent activity by Arcadia businessman Steve Chen a.k.a. Li Chen or Chen Li, whose business was at 135 E. Live Oak Ave., currently in receivership.

https://arcadiahistory.andornot.com/en/permalink/newspaper34350
Newspaper
Arcadia Weekly
Date
November 26, 2015
Pages
p. 1, 16
More detail
Newspaper
Arcadia Weekly
Date
November 26, 2015
Pages
p. 1, 16
Subjects
Chen, Steve aka Li Chen or Chen Li
Chen, Mo
Gemcoin (company)
Seaman, Thomas
Zhao, Jennifer aka Li Zhao or Zhao Li
Item ID
34543AN
Collection
Newspaper Index
Less detail

Obituary/death notice.

https://arcadiahistory.andornot.com/en/permalink/newspaper33056
Newspaper
Pasadena Star News
Date
June 16, 2012
Pages
p. A4
Announcement Type
Obituary or death notice
More detail
Newspaper
Pasadena Star News
Date
June 16, 2012
Pages
p. A4
Announcement Type
Obituary or death notice
Subjects
Sanchez, Alessandra Nicole
Item ID
33253AN
Collection
Newspaper Index
Less detail

Arcadia company Gemcoin, a digital currency or "cryptocurrency," has been using Arcadia City Councilman John Wuo's image on its website and marketing materials. John Wuo denies any endorsement of Gemcoin.

https://arcadiahistory.andornot.com/en/permalink/newspaper34234
Newspaper
Arcadia Weekly
Date
July 2, 2015
Pages
p. 1, 12, 13
More detail
Newspaper
Arcadia Weekly
Date
July 2, 2015
Pages
p. 1, 12, 13
Subjects
Allied Financial Group
Chen, Steve
Gemcoin
U.S. Fine Investment Arts
Wuo, John
Item ID
34428AN
Collection
Newspaper Index
Less detail

Feds seize assets of US Fine Investment Arts (USFIA), a company that sells GemCoin, a digital currency that is purportedly backed by amber and other precious gems. Arcadia City Councilman John Wuo has denied any connection to the company. Securities and Exchange Commission served a temporary restraining order against USFIA and CEO Steven Chen. USFIA is under scrutiny for allegedly defrauding investors.

https://arcadiahistory.andornot.com/en/permalink/newspaper34316
Newspaper
Pasadena Star News
Date
September 30, 2015
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
September 30, 2015
Pages
p. A1, A4
Subjects
Chen, Steve
Gemcoin (company)
US Fine Investment Arts, Inc. (USFIA)
Wuo, John
Item ID
34509AN
Collection
Newspaper Index
Less detail

Arcadia firm US Fine Investment Arts (USFIA) is charged in fraud. Securities and Exchange Commission (SEC) alleges operator used GemCoin in a worldwide pyramid scheme, allegedly bilking investors out of $32 million.

https://arcadiahistory.andornot.com/en/permalink/newspaper34317
Newspaper
Pasadena Star News
Date
October 3, 2015
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
October 3, 2015
Pages
p. A1, A6
Subjects
Chen, Steve
Gemcoin (company)
US Fine Investment Arts, Inc. (USFIA)
Wuo, John
Item ID
34510AN
Collection
Newspaper Index
Less detail

Arcadia-based company US Fine Investment Arts, Inc. is under investigation by state and federal agencies as it faces allegations from investors that it swindled them out of hundreds of thousands of dollars. The company has connections to Arcadia Councilman John Wuo.

https://arcadiahistory.andornot.com/en/permalink/newspaper34311
Newspaper
Pasadena Star News
Date
September 16, 2015
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
September 16, 2015
Pages
p. A1, A4
Subjects
Chen, Steve
Gemcoin (company)
US Fine Investment Arts, Inc.
Wuo, John
Yang, Solomon
Item ID
34505AN
Collection
Newspaper Index
Less detail

A group of friends that grew up together in or near Arcadia, who joined a Camp Fire Girls troop together seven decades ago, reunited 6 years ago and now meet monthly. They are (pictured): Donna Tyler, 81, of Hemet, Sharon Lasken, 80, of Arcadia; Judy Ramaker, 70 of Pasadena, and Marian Walski, 83, of Duarte. They meet at the house of their leader, 97 year old Hazel Williams. Other troop members not shown include Betty Quinn, 81, of La Mirada and Betty Emick, 80 of Claremont.

https://arcadiahistory.andornot.com/en/permalink/newspaper32337
Newspaper
Pasadena Star News
Date
February 23, 2011
Pages
p. A5
More detail
Newspaper
Pasadena Star News
Date
February 23, 2011
Pages
p. A5
Subjects
Camp Fire Girls
Emick, Betty
Lasken, Sharon
Quinn, Betty
Ramaker, Judy
Tyler, Donna
Walski, Marian
Williams, Hazel
Item ID
32535AN
Collection
Newspaper Index
Less detail

Troubles mount in GemCoin (digital currency) scheme. Arcadia company is accused of scamming investors out of millions in a pyramid scheme since 2013, possibly earlier. Arcadia Councilman John Wuo denies any involvement, even after YouTube videos surfaced showing him at Gemcoin marketing events.

https://arcadiahistory.andornot.com/en/permalink/newspaper34318
Newspaper
Pasadena Star News
Date
October 2, 2015
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
October 2, 2015
Pages
p. A1, A6
Subjects
Chen, Steve
Gemcoin (company)
Johnson, Leonard Stacy
US Fine Investment Arts, Inc. (USFIA)
Wuo, John
Zhao, Weiwen (Wayne)
Item ID
34511AN
Collection
Newspaper Index
Less detail

Feds raid US Fine Investment Arts (USFIA) offices in Arcadia; Wuo's connections under more scrutiny.

https://arcadiahistory.andornot.com/en/permalink/newspaper34328
Newspaper
Arcadia Weekly
Date
October 1, 2015
Pages
p. 1, 16
More detail
Newspaper
Arcadia Weekly
Date
October 1, 2015
Pages
p. 1, 16
Subjects
Chen, Steve
Gemcoin (company)
United States Securities and Exchange Commission (SEC)
US Fine Investment Arts, Inc. (USFIA)
Wuo, John
Item ID
34521AN
Collection
Newspaper Index
Less detail

Documents reveal fraud case against Arcadia-based Gemcoin, a cryptocurrency investment scheme. The Securities and Exchange Commission's (SEC) ultimate goal is to make Gemcoin chief Steve Chen return alleged fraudulently acquired millions with interest, pay hefty fines, and ban him from the securities business.

https://arcadiahistory.andornot.com/en/permalink/newspaper34329
Newspaper
Arcadia Weekly
Date
October 8, 2015
Pages
p. 1, 16
More detail
Newspaper
Arcadia Weekly
Date
October 8, 2015
Pages
p. 1, 16
Subjects
Chen, Steve
Gemcoin (company)
United States Securities and Exchange Commission (SEC)
US Fine Investment Arts, Inc. (USFIA)
Wuo, John
Item ID
34522AN
Collection
Newspaper Index
Less detail

Obituary/death notice.

https://arcadiahistory.andornot.com/en/permalink/newspaper33275
Newspaper
Pasadena Star News
Date
December 22, 2012
Pages
p. A5
Announcement Type
Obituary or death notice
More detail
Newspaper
Pasadena Star News
Date
December 22, 2012
Pages
p. A5
Announcement Type
Obituary or death notice
Subjects
To, Athena
Item ID
33472AN
Collection
Newspaper Index
Less detail

Federal receiver released report #2 saying there is no indication USFIA's Gemcoin was legitimate.

https://arcadiahistory.andornot.com/en/permalink/newspaper34493
Newspaper
Arcadia Weekly
Date
March 10, 2016
Pages
p. 1, 23
More detail
Newspaper
Arcadia Weekly
Date
March 10, 2016
Pages
p. 1, 23
Subjects
Chen, Steve
Fraud
Gemcoin (company)
Ponzi scheme
US Fine Investment Arts, Inc. (USFIA)
United States Securities and Exchange Commission (SEC)
Wuo, John
Item ID
34685AN
Collection
Newspaper Index
Less detail

Arcadia Rotary honors Police and Fireman of the Year. The recipients are Detective Steve Turner and firefighter Joseph "Joe" Herrick.

https://arcadiahistory.andornot.com/en/permalink/newspaper33912
Newspaper
Arcadia Weekly
Date
July 24, 2014
Pages
p. 11
More detail
Newspaper
Arcadia Weekly
Date
July 24, 2014
Pages
p. 11
Subjects
Arcadia Rotary Club
Awards, honors, recognitions
Herrick, Joseph "Joe"
Turner, Steve
Item ID
34106AN
Collection
Newspaper Index
Less detail

Controversial proposed barn expansion in Arcadia undergoes public review. Santa Anita Park seeks to expand horse stabling with 816 stalls and ancillary services, such as 70 tack and 70 feed storage bins, 36 office spaces, employee cafe and recreation area, a 2-story 27,360 square feet grooms' building (with 104 dormitory units) and a 14,450 square feet covered manure transfer facility.

https://arcadiahistory.andornot.com/en/permalink/newspaper35258
Newspaper
Arcadia Weekly
Date
September 6, 2018
Pages
p. 1, 10
More detail
Newspaper
Arcadia Weekly
Date
September 6, 2018
Pages
p. 1, 10
Subjects
Santa Anita Park-2011-2020
Sun, Peter
Morece, Nicole
Barns
Development
Expansion
Stables
Item ID
35447AN
Collection
Newspaper Index
Less detail

Obituary/death notice.

https://arcadiahistory.andornot.com/en/permalink/newspaper33636
Newspaper
Pasadena Star News
Date
October 4, 2013
Pages
p. A4
Announcement Type
Obituary or death notice
More detail
Newspaper
Pasadena Star News
Date
October 4, 2013
Pages
p. A4
Announcement Type
Obituary or death notice
Subjects
Last, Cornelius (Neil) Adrian, Jr.
Ostergard, Francis Elmer
Item ID
33831AN
Collection
Newspaper Index
Less detail

Ling Yu, 53, of Arcadia, and her sister Meichun Cheng Huang, 58, of Irvine, were sentenced to 37 months in prison for using their toy company, Angel Toy Company to launder money for Colombian drug cartels. Federal prosecutors said the toy company was a financial conduit for drug cartels in a scheme commonly known as the black market peso exchange.

https://arcadiahistory.andornot.com/en/permalink/newspaper32822
Newspaper
Pasadena Star News
Date
February 1, 2012
Pages
p. A5
More detail
Newspaper
Pasadena Star News
Date
February 1, 2012
Pages
p. A5
Subjects
Angel Toy Company
Crime and Criminals
Huang, Meichun Cheng
Yu, Ling
Item ID
33019AN
Collection
Newspaper Index
Less detail

Obituary/death notice.

https://arcadiahistory.andornot.com/en/permalink/newspaper32875
Newspaper
Pasadena Star News
Date
March 28, 2012
Pages
p. A4
Announcement Type
Obituary or death notice
More detail
Newspaper
Pasadena Star News
Date
March 28, 2012
Pages
p. A4
Announcement Type
Obituary or death notice
Subjects
Tyler, John Mark
Item ID
33072AN
Collection
Newspaper Index
Less detail

20 records – page 1 of 1.