Skip header and navigation
Arcadia History Collection
  Revise Search

3 records – page 1 of 1.

Arcadia Gem Coin mastermind Steve Chen sentenced to 10 years in prison. One of Arcadia’s largest financial scandals in 2015 involved cryptocurrency and a host of well-known public officials, including a former Arcadia mayor, for involvement in a Ponzi scheme that ultimately shut down the operations of the Arcadia business known as U.S. Fine Investment Arts, Inc. (USFIA).

https://arcadiahistory.andornot.com/en/permalink/newspaper35891
Newspaper
Arcadia Weekly
Date
January 14, 2021
Pages
p. 2
More detail
Newspaper
Arcadia Weekly
Date
January 14, 2021
Pages
p. 2
Subjects
Chen, Steve
Cryptocurrency
Gem Coin
US Fine Investment Arts, Inc. (USFIA)
Collection
Newspaper Index
Less detail

Bradbury man Steve Chen, CEO of U.S. Fine Investment Arts, Inc. Gem Coin, and other companies, allegedly conspired to commit fraud with his Arcadia-based marketing company, to plead guilty. He promised potential investors gemstones from their mines along with valuable digital currency. See also Arcadia Weekly, p. 4, February 27, 2020.

https://arcadiahistory.andornot.com/en/permalink/newspaper35675
Newspaper
Pasadena Star News
Date
February 21, 2020
Pages
p. A4, A4
More detail
Newspaper
Pasadena Star News
Date
February 21, 2020
Pages
p. A4, A4
Subjects
Chen, Steve
Crime and Criminals
Cryptocurrency
Fine Investment Arts, Inc.
Gem Coin
Collection
Newspaper Index
Less detail

Former TV finance analyst from Arcadia James Arthur McDonalds, Jr. charged with lying to investors about the health of his finance firm and failing to disclose massive losses incurred through risky investments following the onset of the COVID-19 pandemic. McDonald was CEO of Los Angeles-based Hercules Investments and Redondo Beach-based Index Strategy Advisors Inc. He is believed to be in hiding.

https://arcadiahistory.andornot.com/en/permalink/newspaper36342
Newspaper
Arcadia Weekly
Date
September 29, 2022
Pages
p. 15
More detail
Newspaper
Arcadia Weekly
Date
September 29, 2022
Pages
p. 15
Subjects
Crimes and criminals
Fraud
Hercules Investments
McDonald, James Arthur, Jr.
Collection
Newspaper Index
Less detail