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).
Arcadia Unified School District continues decades-long advocacy for fair funding from the state. A dozen delegates from Arcadia went to Sacramento for the California State Parent-Teacher Association (PTA) Legislation Conference, where they discussed key issues in public education, such as funding for mental health resources and arts programs, continued budget cuts and more. Arcadia High School student delegates Isaac Offstein, Joya Sarkar and Chloe Wong, met with State Senator Susan Rubio (D-49), State Senator Anthony Portantio (D-25) and Assemblyman Mike Fong (AD-49).