Chinese Warren Buffett, Weizhen Tang, at OSC hearing today to fight trading ban!
Toronto –October 31, 2011
Today, the Chinese Warren Buffett loses his bid to trade securities again! Weizhen Tang, the Chinese Warren Buffett, is accused by Canadian Ontario Government, of being the largest ponzi scheme fraud in Canadian history to that point.
How ironic that on Halloween –the day of ghosts, mischief and disguises– Weizhen Tang has a hearing at Ontario Securities Commission. Called the Chinese Warren Buffett by some investors and media, Weizhen Tang is charged with a huge ponzi scheme fraud, stealing upwards of $65 Million.
Weizhen Tang, the Chinese Warren Buffett, was charged in 2009, both by securities regulators, OSC, and the Metro Toronto Police. He was also banned from trading. Since then he has fought the ban, insisting his complete innocence.
Tang failed to lift the trade ban against him in November 2009. The ban was extended to June 2010.
Today, Weizhen Tang shall have another day in court, at the OSC, seeking the lifting of his trading ban again! Tang has gone on the offensive against the courts, the OSC, the Metro Toronto Police, the government –indeed, the “system.” He recently wrote on October 17, 2011, to the presiding Judge in his case, the Honourable Justice Ian Nordheimer:
“Now the public is waking up and know that OSC is home of financial fraud, everything I do is open and transparent, is business. Occupy Wall Street movement develops and move to the whole world including Occupy Toronto is clear evidence 7. OSC (or its staffs ) is anti-business and harm investors and the public interest, Weizhen Tang is not.”
Is Tang the Chinese Warren Buffett in disguise? or perhaps, Tang is the Chinese Bernie Madoff? Is Weizhen Tang brilliant or delusional?! In the same open letter to the Honourable Justice, Tang added that he should be the Chairman of the OSC, the regulatory body in Ontario, Canada, charging him with various offences that could see him in prison:
I (Weizhen Tang) should be the chairman of the OSC to stop all financial fraud to save the province and country and help investors and I know how. 8. I am an innocent businessman and international public figure, I need to travel and there is no flight risk since I did not commit crime and voluntarily came back from China and surrender myself to fully co-operate with the investigations and went to court all the times.
Tang did indeed return to Canada in 2010 from China, voluntarily –after a warrant was issued for his arrest by the Metro Toronto Police. Perhaps, Tang should have worn a Halloween disguise; to avoid his immediate arrest, and perp walk in handcuffs, upon his arrival in Toronto?!
The Chinese Warren Buffett in handcuff?!
Seriously though, in these days of huge government and corporate frauds and bailouts, Tang may be a symbol in disguise of these very government and corporate frauds against the good peoples of the USA, Canada and the world!
It was a powerful image to see the Chinese Warren Buffett in handcuffs, his hand hanging low, in the back of a Metro Toronto Police car.
Yet what about handcuffs for the Wall Street officials and government officials who have been “bailed out” for actions that would be called fraud and criminal, if done by members of the public.
Yet Weizhen Tang is charged, imprisoned, banned from trading; while few Wall Street and government officials that have stolen and/or wasted trillions of dollars have been charged with any crime… In fact, now that it is Halloween, Wall Street Christmas bonuses are just around the corner! Yahoo!!
Today, the Chinese Warren Buffett loses his bid to trade again; but he promises to fight on. He has a strategy to get his trading rights back, he claims, eagerly. Perhaps, Tang can disguise himself as a trader with the banks or other financial firms that created huge fraudulent trading schemes –also none of whom have ever been charged with any crime. And some people and media question what is the issues and credibility of the global OCCUPY WALL STREET protest?
Once the hearing of Weizhen Tang finally settles, we shall know whether the Halloween mask of Weizhen Tang is the Chinese Warren Buffett, or the Chinese Bernie Madoff!