Mayor Rob Ford wins lawsuit appeal. Next week, former Mayoralty candidate, convicted ponzi, Weizhen Tang, sentencing continues

Mayor Rob Ford wins lawsuit appeal today. Next week, former Mayoralty candidate, convicted ponzi, Weizhen Tang sentencing continues

Toronto –January  25, 2013– The strange cosmic karma coincidence continues.   Today, Mayor of Toronto, Rob Ford, successfully wins his lawsuit appeal of a Judge’s legal decision that ousted him from office; while exactly, one week from now, another former Toronto Mayoralty candidate, Weizhen Tang, continues his sentencing hearing, after being convicted, as one of Canada’s worst ponzi scheme frauds.

Today, Mayor Ford won his lawsuit appeal, from an order removing him as Mayor of Toronto.  On November 26, 2012, Ontario Superior Court Justice, Judge Charles Hackland, found Mayor Rob Ford guilty of violating the Municipal Conflict of Interest Act.  Hackland ordered Mayor Ford to vacate his seat, within 2 weeks.  Ford successfully applied for a stay, so he wouldn’t have to resign yet, pending an appeal.  That appeal decision is released today, by a three-judge panel of the Ontario Divisional Court.  Mayor Rob Ford stays in office.  Judge Hackland erred.  Judge Hackland decision overturned.   No doubt, Weizhen Tang hopes for such an overturning of his conviction, as being one of Canada’s worst ponzi frauds.

Weizhen Tang, the Chinese Warren Buffett, convicted of largest ponzi scheme fraud in Canada

On October 30, 2012, a self-proclaimed Chinese Warren Buffett, named Weizhen Tang, was convicted of being more of a Chinese Bernie Madoff; convicted of organizing a $52 Million ponzi scheme fraud, one of the largest, worst ponzi scheme frauds in Canada.

One week exactly from today, on February 1, 2013, Weizhen Tang’s sentencing hearing continues before Judge Alfred O’Marra, a former prosecutor, himself.

But today, before the decision was publicly announced, allowing Mayor Ford to remain in office; Weizhen Tang, the self-proclaimed Chinese Warren Buffett, took the time to post the following message of support, on his Twitter account, to Toronto Mayor Rob Ford: “I support Rob Ford and democracy and people of Toronto, Rob Ford and People will win.”

Sadly, Mayor Rob Ford may not necessarily welcome Weizhen Tang’s support, as Tang is now infamously known as one of Canada’s worst ponzi scheme frauds.

But Tang remains defiant, shouting literally, his claims of innocence.  Tang and his amicus lawyer, Hamilton lawyer, Peter Boushy, who assisted Weizhen Tang at trial, continue Tang’s legal efforts, at Tang’s sentencing.  “Crown” Government prosecutors are seeking a jail term for the convicted Weizhen Tang of 8-10 years, and various fines; restitution to his some 200 investors.

Like Mayor Rob Ford, Weizhen Tang  has always proclaimed his complete innocence, often with obscure, rambling  internet and twitter postings; where Weizhen Tang attacks the Canadian and Western justice, legal and financial systems.

Since his charges for being a ponzi scheme fraud in 2009, Weizhen Tang has shown the similar self-righteousness displayed by Mayor Rob Ford –the same “doing no wrong” bravado.

In fact, even after being convicted of ponzi scheme fraud, Weizhen Tang, claimed that he and his wife, Hong Xiao; son Vance; daughter Weiyi, suffered the most from his ponzi scheme fraud activity.  In fact, during his trial, while on the stand, a defiant Weizhen Tang proclaimed several times, that he had suffered far worst than his investor victims!

On the other hand, at trial, the Crown prosecutors, lawyers Mr. Robert Gattrell and Mr. Gavin Macdonald, presented evidence and victim impact statements that Weizhen Tang’s ponzi scheme fraud had bilked some investors, out of their life savings.

Weizhen Tang and Mayor Rob Ford, both proclaim their utter innocence.

There are several sad, bizarre echoes between the cases of Mayor Rob Ford, and the Chinese Warren Buffett, Weizhen Tang; two larger-than-life titans,  both still facing the Canadian justice system.

With today’s victory in his appeal, to remain Mayor of Toronto, “Mayor Rob Ford” still faces major accusations of campaign expense violations –which again, could see Mayor Rob Ford removed from office.

To this day, Mayor Ford continues to steadfastly deny any wrongdoing in any and all accusations against him.

Weizhen Tang, the Chinese Warren Buffett, too, acts puzzled by his conviction!

In an open letter on December 10, 2012, Tang stated “I did not even know the meaning of the word, much less how to run one (a ponzi scheme fraud).”

The thinking process of  Mayor Rob Ford and Weizhen Tang

Mayor Rob Ford steadfastly proclaimed innocence in his conflict case, noting he didn’t personally take any of the money involved.  At the centre of Mayor Ford’s legal problem, was  $3,150, that was donated to Mayor Ford’s foundation, to help vulnerable youth, through football.   In a strange parallel, Tang claims he is innocent because he didn’t take any money either.

But at trial, Tang admitted that some money was diverted to him, his wife and associated companies; noting the money diverted to him was “legitimate” — both because the money was for “legitimate” business expenses; and because NOT a lot of money was diverted…  Some $2.8 Million was diverted, claimed Crown prosecutors Robert Gattrell and Gavin Macdonald.  Tang did not dispute the amount.

Again, defiantly, Tang claimed, that he deserved that money for successfully managing the investor fund –though he lost some $19 Million of investors’ money; versus his very public claims of making amazing investment returns of 1% weekly!  These claims of 1% returns, inspired another title for Weizhen Tang: the King of 1%.

Mayor Ford.  King of 1% Weizhen Tang

So today, January 25, 2013, Mayor Rob Ford remains Mayor of Toronto; while Weizhen Tang, the self-proclaimed King of 1%, the Chinese Warren Buffett, ponders his future, which sits in the hands of Judge Alfred O’Marra.

Interestingly, during his trial and sentencing, one of Weizhen Tang’s favorite rants , has been against the unfairness of the legal system.  It should be interesting to see how Mayor Rob Ford’s legal victory today, fits the world view of Weizhen Tang –the Chinese Warrren Buffett, the King of 1%, the convicted ponzi scheme fraud.

Perhaps, the most interesting cosmic coincidence, and commentary on modern politics in the intersection of Toronto Mayor Rob Ford, and King of 1%, Weizhen Tang: in 2010, Weizhen Tang was a former Toronto Mayoralty candidate, who ran AGAINST then Toronto Councillor Rob Ford.  Weizhen Tang, the King of 1%, got less than 1% of the vote.

Weizhen Tang ran, partly, on a platform of being the best candidate to stop government waste, and FRAUD…


About weizhen tang

The Chinese Warren Buffett or the Chinese Bernie Madoff. The King of 1% with investment returns of 1% per week! Or a ponzi scheme. These are recessionary, depression economic times with increasing mass unemployment, financial Wall Street corruption and scams; bank failures and failed, huge government bailouts and stimulus. Check in daily to read about information that can save you, your family, your loved ones, in the upcoming economic and social chaos. Be welcome to email confidentially, your thoughts, information, whistleblower tips about Weizhen Tang, ponzi scheme, government and corporate waste and corruption! Email us confidentially anytime at:
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