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.
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.
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.
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-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.
Arcadia City Council appoints ex-mayor Mickey Segal to fill seat vacated by John Wuo's resignation, until the municipal election in April. Wuo, who served on City Council for 12 years, resigned two weeks ago amid mounting allegations over his endorsement of USFIA and Gemcoin, in addition to an ethics investigation launched in September by the Fair Political Practices Commission. Segal is a CPA. Also the zoning code update resumes.
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.
City council candidate Sheng Chang accuses Mayor John Wuo of making the wrong decision in approving the resolution of necessity to begin eminent domain proceedings against Arcadia Self-Storage so that Rusnak Mercedes-Benz can expand. Wuo says Chang does not understand the proceedings.
Arcadia City Council appoints Mickey Segal to fill John Wuo's vacated seat; officials reboot zoning code update, Highlands will be included in the historic architecture survey.
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.
Arcadia residents Gail Marshall and John Wuo have added their names to the growing list of people who have taken out papers to file for candidacy to City Council. Photos.
Q & A with Arcadia City Council candidates Roger Chandler, Bob Harbicht, Gary Kovacic, Gail Marshall, and John Wuo. This week they answer the question, "Do you think the new police station can be constructed for the $16 million target price? Is it important to keep the cap?"
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 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.
Fair Political Practices Committee (FPPC) may fine Arcadia's disgraced former mayor John Wuo $2000 for his failure to report certain financial rewards from his participation in the now infamous Gemcoin scam.
The City Council voted 3-1, with Councilman Sheng Chang dissenting, to do nothing with a request from an Arcadia resident to enact a citywide ban on leaf blowers.
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.