World Exclusive. Breaking News: Weizhen Tang, Chinese Warren Buffett, King of 1%, Canada’s worst ponzi, likely to be sentenced today
Toronto –February 1– The self-proclaimed “Chinese Warren Buffett,” named Weizhen Tang, was convicted on October 30, 2012, of being the Chinese Bernie Madoff; convicted of organizing a $52 Million ponzi scheme fraud, one of the largest, worst ponzi scheme frauds in Canada. Today, the judge in Tang’s case, Justice Alfred O’Marra, adjourned for lunch at 1 p.m. But instead of the customary one hour lunch break, Judge O’Marra directed a two=hour adjournment; sending buzz throughout the media and the public, that Judge O’Marra was seeking to sentence the Chinese Warren Buffett today.
During several emotional exchanges between Judge Alfred O’Marra, and Weizhen Tang, the Judge even reminded Tang that he was convicted of fraud, of dishonesty. The government “Crown” prosecutors have called Weizhen Tang, one of the worst ponzi scheme frauds in Canada.
The Crown prosecutors, Mr. Robert Gattrell, and Mr. Gavin Macdonald, have sought a jail sentence of 8-10 years, against Weizhen Tang. Tang’s amicus lawyer –Peter Boushy– seems to be seeking a jail sentence of 5 years or less, comparing Weizhen Tang to other convicted Canadian fraud cases, like Cineplex theatres owner, Garth Drabinsky, who was sentenced to 5-7 years in jail; but had his sentence successfully reduced on appeal to 5 years.
During the morning session today, Tang continues to claim complete innocence in his case, and continued his attacks on the injustice of the Canadian and Western justice, legal and financial systems.
Tang and his amicus lawyer, Peter Boushy, were seen huddling during the extended lunch break, today, discussing the likely possibility that Judge O’Marra would hand down his sentencing decision on Weizhen Tang this afternoon.
This morning, Weizhen Tang repeated his request for NO jail time; perhaps, hoping to reflect his claims that the Canadian and Ontario legal system’s failed to provide him legal counsel; and thus, proper and fair access to justice.
Tang noted in the hallway that he respects Judge Alfred O’Marra, the justice system; but is crying out against the injustices and flaws in his case, and the system. Tang noted with a loud sigh, “Judges are to be the guardians of the legal system, the guardians of fairness and justice for Canadians, the peoples of the world… I hope that Judge Alfred O’Marra shall be the guardian of justice and fairness today. If he sentences me, today, I hope Judge Alfred O’Marra shall uphold God’s justice.”
It is likely that Weizhen Tang is about to find out today, what Judge O’Marra thinks is an appropriate sentencing for Weizhen Tang, Canada’s worst ponzi scheme fraud.