Embattled former Arcadia City Councilman John Wuo surfaces as an honorary board member of the ChinaWeek team. ChinaWeek is an annual, week-long series of events designed to bring the most current, relevant and multidisciplinary information about China and Chinese culture to the western world via Los Angeles.
Some residents call for Arcadia City Councilman John Wuo's resignation amid allegations that he used his position to influence local Chinese Americans to invest hundreds of thousands of dollars into a company called US Fine Investment Arts, Inc., which sells GemCoin, a digital currency, that some investors allege is fraudulent.
Some residents call for Arcadia City Councilman John Wuo's resignation amid allegations that he used his position to influence local Chinese Americans to invest hundreds of thousands of dollars into a company called US Fine Investment Arts, Inc., which sells GemCoin, a digital currency, that some investors allege is fraudulent.
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.
Arcadia officials respond to document connecting councilman John Wuo with Gemcoin CEO George Klau. Wuo says connections to Gemcoin have nothing to do with city business.
GemCoin (cryptocurrency, digital currency) investors share fraud concerns with Arcadia City Council. Councilman John Wuo declined to respond to accusations of wrongdoing and their call for his resignation from council. Former Arcadia council member Floretta Lauber defended John Wuo.
Arcadia's Gary Kovacic and John Wuo are the unofficial winners of the two City Council seats in the recent election by mail-in ballot. The final tally will be announced by early next week.
None of the three Chinese-American candidates received enough votes to win one of the three open seats in Tuesday's Arcadia City Council elections. With the departure of Mayor John Wuo, who was the second Chinese-American to be elected to the council, Arcadia, an ethnically diverse city, is reverting to an all Caucasian council for the first time in 12 years. Many in the Chinese community prefer to relay a concern to someone of their own race and culture "because this person understands what they say, what their concern is based on," former council member Dr. Sheng Chang said. Councilman Roger Chandler, however, believes that the city has enough volunteers, associations and resources to facilitate communication and to aptly handle any issue that could come up.
Experts question donations for travel. Delegation from Arcadia City Hall given $30,000 from two Chinese firms and one local developer for trip to Asia, including Beijing, Shanghai and Hong Kong in China and Taipei, Taiwan. Government and ethics experts say the cash donations to the City of Arcadia for this trip raises concerns about transparency and influence. The trips are designed study sister city relationships, learn about the culture and talk to Chinese and Taiwanese officials. Those traveling include Mayor John Wuo and his wife, Council Sho Tay and wife, Councilman Tom Beck, City Attorney Stephen Deitsch, City Manager Dominic Lazzaretto, Fire Chief Kurt Norwood, Recreation Director Sara Somogyi, Public Works Director Tom Tait, and George and Sandy Wuo, who are relatives of the mayor. See VF Sister City.
Arcadia City Council members to submit nominees for John Wuo's vacant seat at next meeting October 20. Mayor Gary Kovacic and Councilman Tom Beck recommended former mayor Mickey Segal. Councilman Roger Chandler and Sho Tay wanted to take time to think of a few more nominees.
Arcadia Councilman John Wuo's ties to GemCoin (digital currency) draw scrutiny. The Fair Political Practices Commission is investigating him for a potential violation of the Political Reform Act. Arcadia resident David Arvizu filed the complaint with the FPPC.
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.
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.
Mayor Gary Kovacic and former councilman John Wuo were leading yesterday in the early returns for two City Council seats, but former school board president Mary Dougherty was close behind. About 6,500 of the city's nearly 30,000 voters had already cast their vote as of early Tuesday evening.
Arcadia City Councilman John Wuo resigned, citing health and personal reasons. He had served on council for 12 years, including as mayor for 3 terms. His resignation comes on the heels of a lawsuit and intense scrutiny of his alleged involvement with GemCoin (digital currency) and alleged violations of the Political Reform Act's statement of economic interests disclosure requirement and conflict of interest.
Campaign to recall three Arcadia city council members begins. Highlands neighborhood residents have been at odds with Roger Chandler, Sho Tay, and John Wuo over the development of mansions in place of historic homes and the Gemcoin controversy with John Wuo.
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.
Arcadia housing boom with Chinese dollars? Bloomberg BusinessWeek says kickbacks and Chinese cash deals are fueling the rapid growth of mansions in Arcadia.