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).
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.