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AFFIDAVIT OF THE APPLICATION: WEIZHEN TANG (DRAFT)
Author:ÌÆì¿Õé  Date:2010-07-26 16:35:12  Readers:180 reads
Summary  
ONTARIO SUPERIOR COURT OF JUSTICE
( Toronto Region )

BETWEEN

WEIZHEN TANG

The applicant

Jeffrey Thomson, W. David Wilson, James E. A. Turne, David L. Knight
ONTARIO SECURITIES COMMISSION
Respondents


AFFIDAVIT OF THE APPLICATION: WEIZHEN TANG



I,WEIZHEN TANG, OF THE CITY OF TORONTO, MAKE OATH AND SAY AS FOLLOWS:

1. I was born in Hunan Province in China on Oct 13th, 1958. (under the Chinese Lunar calendar, my birth date is September 2nd ,1958. I married my wife Hong Xiao there on February 15, 1985. We have been Permanent Residents of Canada for 20 years and Canadian Citizens for 15 years. Canada has been our home for about the last 20 years.

2. My wife and I have two loving children, Our daughter Wenyi Tang was born in China on February 8th ,1987 and our son Vance Tang was born in Toronto on April 10th ,1994. Our daughter Wenyi now works for the Deutsch Bank in Hong Kong. Vance is a full time high School student.

3. I first came to Canada in 1990 as a post-graduate biology student at the University of Waterloo, Waterloo, Ontario. I had been made an assistant Professor in 1982 at the University of Central South China Forestry and Technology. After obtaining my Master Degree of Science in Biology from Waterloo in 1992, I began work as a researcher in Biomedicine for the Toronto General Hospital and then the Hospital for Sick Children. I left this field in 1996 and took investment and securities courses at my spare times. Because I find that I have genuine ability in trading and investment. I am trading successful, to the point, where people are seeking active, my service. So at the same time I found the opportunity and began to develop a career in financial trading and open my own business in investment.

4. My first year in business started all with my Chinese friends and mostly research colleagues from Hospitals in Downtown Toronto to trade mutual funds for them and was very successful. Clients grew from two friends to over 100 in just one year and managed asset from CD$4000 to $4 million dollars, had an average return of 30% and nobody lost money at that time.

5. I always put investors’ interest first and had a policy of no profit, no charge and won investors trust. The successful operation was stopped and killed by a TD Canada Trust Bank Compliance manager in 1997.

6. I later was registered with OSC in Anchor Securities 1998, register with OSC and IDA as a salesperson in the categories of registered representative in December 7, 2000 working for Westminster Securities Inc. Too much interaction, restrictions and harm to work for investors in the regulated environment, I left the industry in short time.

7. I started to find an alternative way to do the investment business. I found out the private fund business, hedge fund is the way to go, no registration is required. I found my own company under my own name, Weizhen Tang & associates Inc. in 1997, It was wholly controlled by myself and fully committed to my investors and clients as a general partner and I had a limited partnership called the Oversea Chinese Fund Limited Partnership around 2001. The partnership was inactive until its first offering in October 2004, It was designed for Oversea Chinese and accredited investors and partners only. The partnership was managed through a general partner, Weizhen Tang & Associates Inc.. The subscribing partner also had me as the managing partner of the partnership, as set out in the partnership agreement.

8. In August 31, 2005, Mr. Michael Ho from OSC started to investigate my business and operation. I was very co-operative like always. Mr. Michael Ho was very reasonable and helpful. After over half year of investigation, My lawyer and Mr. Michael Ho of OSC have had various letters, emails and discussions My former lawyer Mr. Hugh Lissaman had Mr. Ho in the position where he did not take issues with the units that I have already sold to various clients who he perceives to be accredited investors with minimum investment of 150,000 and non-residents of Ontario.

9. Mr. Michael Ho asked me to make some changes to my web pages in Feb 10, 2006 about real time QQQ demonstration of 1% daily and some wording .I did as suggested. He also asked me to make a undertaking of not sell oversea Chinese partnership units to Ontario residents who are not sophisticated persons and who would not qualify for any exemption. The investigation was finished in February 2006. I did sell units only to accredited investors with minimum investment of 150,000 and non-residents of Ontario since then. I also started to register one of my company and would have full compliance with OSC.

10. In February 18, 2006 I had the First Chinese Wealth Summit in Toronto and investors loved my business ideas and my business took off and it was also under close scrutiny of OSC all the time and I was very active and socialized in the communities and in the society, with all the government recognition and support. I also had an office located in the core financial center of Downtown, Toronto, and in the front of OSC office and back of TSX stock exchange building, OSC granted a registration to one of my company, Weizhen Tang Corp in January 22, 2008. I raised 60 million dollars from all over the world to Canada and help Canadian Economy more than anybody and paid millions of dollars commission to the industry and economy. I, Weizhen Tang, receive no rewards or appreciation of my efforts, my success, my millions of dollars of fees and opportunity to society, investment companies, brokers, banks. No respect to the Chinese icon and Chinese people and no reward, but discrimination and punishment to a Chinese businessman in Canada

11. Started from early January, 2008, the financial crisis almost destroyed the whole capitalist system because of regulated financial fraud of trillion dollars and financial power corrupts, investors had lost trillions and two generations of investors, governments have to use taxpayer’s money almost a trillion dollars to bail out the big regulated financial fraud institutes such as AIG, Fannie Mae, Freddie Mac ,Bank of America, Merrill Lynch, Bear Stern, Lehman brothers, “too big too fail”, the financial crisis also which resulted in the world biggest Ponzi scheme, Bernie Modaff of 50 billion dollars. I did not lost anything in the market at the crisis of that magnitude so I was very proud of myself, but I could not make enough money because of heavy withdrawal at the time and I could make in the future when the time comes. I did very well to protect my investors as a whole. The crisis last over 15 months and the news of Bernie Modaff made investors very nervous and all wanted to withdraw. I do not have any restriction to investors. I did protect the investors and public so that is why we lost the least in the financial markets, Investors will be back to me big time if I do not lose money the crisis and when the markets recover . (by the way, Bernard Lawrence Madoff was former chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history). No Ponzi schemer deny his scheme after it is found.

12. In January 17, 2009, I host the third very successful Chinese New Year Festival Gala and Second North America Chinese Wealth Summit both in Toronto Convention Center, Toronto. I also made serious of real time trade demonstration to my investors and to the public to show investor confidence and to stop rush withdrawal. Started from janurary14, 2009, I traded openly from one million dollars and made five million dollars ‘s profit in five weeks and average of 100% return and one million dollars profit a week, demonstrated to investors. I also did live real time demonstration to the public and media which was history making event in the financial industry. Though it was not successful in 100% return in that week, but made about 9 % in a week, which was not enough to meet expectations and was unable to stop withdraw and to attract new investment. .People were very nervous and scared of any fraud in the face of Madoff scandal.

13. In early February, 2009 I had serious of meetings with investors and investor committee to communicate and to manage the reaction and crisis until February 27, 2009. I have too much pressure and everybody asked me for money so I have to declare that all the money has been withdrawed and nothing left, investors have withdrawed about 30 million dollars in 2008 alone, most of the investment was withdrawed, not lost in the markets, it was the best performance at the time of crisis.

14. After the evening meeting of Feb, 27,2009, We did not have money temporarily to meet investors withdrawals, Investors were getting very worried and even panic. I was scared because of how investors would react to the reality, There were lot of investors’ meetings, investigations and effective crisis management was going on before OSC involvement on March 12, 2009 after interview with in the office of OSC, Mr. Jeff Thomson, senior investigator was not helping in any means to business and our problems, but only asked for a biased and discriminating interview. He has a strong determination, motivation and interest to look for a Ponzi schemer. He told me that a legal counsel for one investor in Oversea who is resident in China has come forward to him to advise that the investor has been unsuccessful to redeem money from Oversea since late 2008 and asked me if I did use new deposit to pay withdrawal, I said yes, I thought everybody does. Mr. Jeff Thomson think he find the excuse, but had no idea of financial business and how the market works and all he want is to find his Chinese Canadian Ponzi scheme for himself and for OSC as scapegoat and mistakenly think I was running a Ponzi scheme . Mr. Jeff Thomson does not know what is Ponzi and what is business, what is a free economy and free enterprise, what is innovation, He think whoever does not steal money from investors is a fraud.

15. OSC use only one investor who complain, ignore 99% of investors’ thinking and request and interest, Mr. Jeff Thomson openly and forcefully stopped the investors’ crisis management, business and rescue plans, ignored investors desire and needs. Immediately. Mr. Jeff Thomson was thinking he was doing his job fast, but mistakenly, ignore investors request and public interest, He stopped and destroyed my business before complete his investigation on March 17, 2009 by issued a temporary cease trade order and extended its order from time to time since then. The action has destroyed a small business and investors ‘ and public interest, but claim to be in the public interest.

16. All my Investors were surprised, worried and scared about OSC involvement and interruption, On March 24, 2009, Investors hold an emergent meeting, requesting OSC to lift the cease trade ban and continue our business and financial trading while investigating, it was right and reasonable and it is in the investors’ interest and public interests, but OSC blindly claim its action is in the public interest, which is totally wrong and misleading, government is not supposed to interrupt and stop regular business and hurt its own people. Most of my investors are successful investors or businessmen, they know markets and have lot of experience in the markets, more so than that of staffs of OSC and made more money than staffs of OSC in the markets. Staffs in OSC only know how to take money from government or investors. They do not need protection from people like Mr. Jeff Thompson and his team. The investors petition as following and about 95% signed automatically without any of my influence:

We are clients of Weizhen Tang’s Oversea Chinese Limited Partnership Fund. Each of us has invested more than $150,000.00. The OSC’s decision to suspend Tang’s securities trading will result in total, unrecoverable loss of our investments. This is something that we cannot accept on any terms. We believe: For the interests of the investors in Tang’s Oversea Chinese Fund, the OSC should heavily regulate and supervise Tang’s securities transactions instead of withdrawing his credentials. This will cause severe losses to us investors, and is not in the best interests of the public. We can accept the risks of investment activities, but not those of non-investment activities.

17. Mr. Jeff Thomson ignore investors and investors’ interests and started his own full investigation and enforcement without asking and having a right judgment, He spent and wasting lot of government and taxpayers ‘ money without thinking the cost and return. He does not what he is doing and why he is doing and what is it for. Mr. Jeff Thompson and his team have made a serious mistakes which did not only hurt me, my investors, government, the system and free market and themselves, politically, economically and technically and financially. The whole world is watching the case with curiosity and great interests.

18. Mr. Jeff Thompson and OSC did and always ignore the investors interest and public, destroyed my business and others’ too, waste government money and taxpayer’s money just to destroy a free economy and the spirit of innovation and entrepreneurship. They have no ideas and no experience of the markets and no ideas how to protect investors and public, they only know what the book say and dead rules and only know to stop everything is their way of protecting the public. If it is not because of discrimination, OSC would stop the whole market and system, destroy the whole economy. Can OSC stop RBC and Goldman Sachs Group when it is investigated? When Nortel, Eaton and Bre-X went under, did OSC charged those who were responsible and interview most of the investors who lost money? The answer is “No”, The corrupted OSC is harmful to the market, to the economy, to the country and to investors, which is a problem rather a solution if you ask the people who have interest only to know the facts. We are the victims of fraud and victims of bad government.

19. Since March 12, 2009, Mr. Jeff Thompson had a strong motivation to find and has claimed he found the biggest Canadian Ponzi scheme in the history and it is a Chinese Canadian. In fact, OSC is very harmful to small business and investors, it is not just discriminating color people, it also discriminating small business, private business, non-registered business. Staff at OSC can not tell what is business and crime. They has destroyed my business and wrongly charged Weizhen Tang a financial fraud, even Ponzi scheme mistakenly without conducting forensic accounting and find any evidences of fraud, That really looks stupid and discriminative to professionals and public. It took more than 5 people, over one year and lot of money to find evidences of fraud, nothing was found, only destructions and pains were made to us, to the investors, the people, public and the business and economy.

20. Ponzi is not using new investor’s money to pay old investors, Ponzi is using new investor’s money to pay old investors to steal, which clearly needs motivation and evidence to prove like all other crimes.

21. On March 26, 2009, The Ontario Securities Commission made a false claim and made a breaking defamation news such as that OSC is investigating an alleged Ponzi scheme run by a Toronto businessman that may have raised as much as $60 million, some from the Chinese Canadian community, according to court documents filed this week. The allegations come a week after the OSC issued a cease trade order on March 17 against Weizhen Tang, who ran Weizhen Tang Corp., Weizhen Tang and Associates and Oversea Chinese Fund Ltd. Partnership. “Evidence obtained by staff demonstrates that recently Tang had been using new funds raised from investors to pay redemptions requested by previous investors,” according to documents filed in Ontario Superior Court of Justice on March 24. OSC staff has recently received complaints from members of the public “who had placed funds with Oversea China and have been unable to redeem their investments,” according to the court documents.
22. Which was not a real evidence and was baseless, wrong and misleading, there are no real evidence of fraud and plenty of evidences of business. The news severely damage my name, my public image and very sensational and misleading, it invited investors attack, panic and more government agencies investigations, it initialize a herd behavior, it made Toronto Metro- Police ,SEC and FBI all interested, which was very devastating to me and my investors.
23. April 3, 2009, UNITED STATES SECURITIES AND EXCHANGE COMMISSION jump on board. The Commission filed an emergency action in the United States District Court for the Northern District of Texas to halt an on-going multi-million dollar Ponzi scheme and affinity fraud involving investments in Oversea Chinese Fund Limited Partnership, a hedge fund based in Toronto, Ontario, Canada. The Commission’s also follow OSC the false claim and complaint alleges that Defendant Weizhen Tang, of Toronto orchestrated the fraud scheme through entities he controls, including Defendants Oversea Chinese Fund Limited Partnership (“Hedge Fund”) and WinWin Capital Management, LLC, a Plano, Texas-based investment adviser (“Investment Adviser”). U.S. District Judge Jane Boyle granted a temporary restraining order, asset freeze, and other emergency relief against the Defendants, including the appointment of a receiver to take control of assets belonging to the Investment Adviser and two Relief Defendants — WinWin Capital Partners, LP, and Bluejay Investment, LLC, d/b/a Vintage International Investment, LLC.

24. On June 11, 2009, The Ontario Securities Commission has filed securities fraud charges against Weizhen Tang, a Toronto businessman as he Chinese Warren Buffett and was accused of running a Ponzi scheme. It is ridicules and devastating to my name, my reputation, to investors, my business, to a lot of families and Canadian economy and my employees and communities. It is really a defamation, libel and slander of character and it is devastating.

25. Since OSC mistakenly and falsefully charged me Ponzi scheme, everybody was interested in my case and they have to act on my case. Which made everybody thought I am a fraudster and did steal lot of money and defraud investors that is what we Chinese would not do.OSC did not only investigate me and wrongly charge me a crime before any motivation and any real evidence of crime, It made news release worldwide, it is obvious a invitation to investigate and attack, it is a nonsense to fool the public and destroy me as the icon of Chinese Immigrants. It made everybody investigate me, discriminating me, attacking me and no touch to me and isolate me, access to me. It was and still very insulting, very brutal, un-justice, un-professional and misconduct, racism, which lead me a horrible jail time.

26. OSC wrong charges made all my investors suffering financially, emotionally and OSC forcefully destroyed investors’ hope and lives. OSC simply ignored their will and welfare and wellbeing. The motivation of OSC is clear that is to find a scapegoat, to destroy and to show its corrupted power and false image, this will be hurting themselves hard some time as public awareness develop.

27. After fast and intensive investigation by SEC, there was no real evidence of fraud found and no ill-gain. All the money was withdrawed by investors or lost in the market and business. SEC settled its claims with me and take advantage of me since I do not have the resource, experience and energy, It is much better than OSC who has nothing to offer, In the settlement, Weizhen Tang doesn’t admit or deny the SEC claims. The settlement includes a court order barring him from violating U.S. securities laws in the future.

28. On October 25, 2009, A lot of investors and I, at the presence of my former legal counsel Mr. Cuddy Loftus and a famous business writer, Allan Gould, we had a active, interactive meeting, it is clear that my investors had strong desire and interest to make a strong request again to OSC, 44 investors favored my motion to left the trade ban and only few against and we have a hearing on Nov13, 2009, before the hearing, I also had a real time and transparent demo using Forex practice account, I made 10% weekly compound return, from 1 million dollar to 4.6 million dollars, OSC ignored investors’ s will and interests using one or few opposite investor as excuse. At the same time I wrote an articles on 25 reasons to educate OSC staff and stop OSC staff ignorance and incompetent and OSC staff ignored investors ‘s will and the public interest again. Investors also criticize OSC who did not protect investors and make investors suffer unthinkable losses

29. Investors letter dated on Nov. 1,2009 as saying:

To the Ontario Securities Commission:
We are investors of Weizhen Tang’s Oversea Chinese Partnership Fund. The cease trade order issued by the Ontario Securities Commission in March of 2009 against Tang and his company has resulted in severe losses of our investment assets.

For many years, Weizhen Tang’s Oversea Chinese Limited Partnership Fund has been a social activist in the Chinese communities of Toronto. Officials from the Ontario government frequently attended events organized or sponsored by Tang’s company and extended greetings, which is why many investors made the decision to invest with him. However, one of the allegations of the OSC against Tang today is that his company had been operating without due registration with the OSC. Being appalled tremendously by this news, we think the OSC has apparently been negligent of its duty of supervision, so that Tang and his company were able to operate “illegally” for so long and have caused such severe damage to our interests.

In view of the ongoing investigations and all the issues involved, we strongly request that the OSC take into consideration of the fundamental interests of the investors. Also, in view of the trading ability and skills that Weizhen Tang proved to possess at the virtual trading operation on September, we entreat the OSC to permit Tang to recover our previous losses in the market with his skills and expertise in currency trading. We are willing to face all financial risks in relation to the trading.

OSC ignored investors and public interest again.
Another Letter to the Ontario Securities Commission dated on Nov 13, 2009 as follow

We are investors of Weizhen Tang’s Oversea Chinese Partnership Fund. In February of 2009, we discovered some problems in the Oversea Chinese Partnership Fund. Upon intervention and demand of the investors, Mr. Tang obtained a bank loan of $200,000, together with a new investment of $150,000 which he used to do foreign currency trading in market in order to pay back redemptions to the investors. However, after receiving complaint from some investors in March of 2008, the Ontario Securities Commission suspended Tang’s right to trade and placed a cease trade order against him, which took effect about three days after his redemptive trading started. By then, he had earned a profit of about $90,000 from the market. This account was later frozen by the OSC.

After eight months of scrutiny and investigation, the outcome should have been obvious to the OSC by now, i.e. if Mr. Tang will not be permitted to trade again, or if Mr. Tang never has the ability to trade successfully and make profits, the chance of us recovering our invested money will be null.

However, if Mr. Tang is found to have the ability to trade well and earn profits, the cease trade order of the OSC actually entails loss of the only opportunity of us recouping the previous losses. Is this the way the OSC intends to protect us?

Therefore, it is our strong wish that Mr. Tang be permitted to trade again on behalf of us. We are willing to follow the lawyer’s advice and authorize Mr. Tang to do so. We hold that the current cease trade order of the OSC should exclude us because Tang’s trading serves only the purpose of paying back redemptions to existing investors, and therefore is not in breach of any public interest. In fact, our own interest as investors should be considered as part of the public interest too, and in the case of Weizhen Tang, our interest is the most visible of all. The OSC is in a position to protect the interest of both the general public and the existing investors, i.e. to give Mr. Tang permission to trade on our behalf under conditions.

We’d like to make a strong appeal to the OSC that the current practice of collective punishment be rectified. We trust Mr. Tang’s market competence in foreign currency trading and are willing to take risks associated with the trading. Our rights deserve to be respected and protected.
42 Investors signed AUTHORISATION as following:
I, , am an Weizhen Tang’s Oversea Chinese Fund Limited partnership investor and trading is the only way Weizhen Tang can make my money back and I want him to continue trade for me, which will not prevent investigation to him.

I believe and trust him that he will make all our money back and I ‘d like to take all the risk associated.

I am aware that Mr. Tang currently faces charges, including a charge of fraud, before the Ontario Securities Commission, and that he has been ordered not to engage in trading, I cannot wait for the pending the outcome of these charges in 2010，which does not help to recover my investment loss, but hurt.

Notwithstanding the charges faced by Mr. Tang, I would still prefer that Mr. Tang be permitted to trade on my behalf in the securities or currency markets, and that Mr. Tang be permitted to provide me with investment advice generally, pending the outcome of his charges before the Ontario Securities Commission.

I have read and fully understand the foregoing.


September 21 , 2009 Signatures:

30. On Nov, 3, 2009, We made a Canadian news release that “Weizhen Tang bringing motion at OSC” Over 40 investors ask for lifting of cease-trade order TORONTO (CNW) - On November 13, 2009, Weizhen Tang will be at the Ontario Securities Commission on his motion to present the signed consents of over 40 investors who want Mr. Tang to be permitted to trade for them. Mr. Tang`s trial in the Ontario Court of Justice, arising from millions of dollars in losses which Mr. Tang maintains are due to normal trading and business, will take place in 2010. These charges are serious, and this has been a difficult time, said Mr. Tang, ut I have been encouraged by the fact that since the cease-trade order went into effect in March, 2009, many investors have asked me what I could do to resume trading on their behalf.

Mr. Tang`s lawyer, Loftus Cuddy, says he has not found a precedent for this circumstance, and he has given up recommending that Mr. Tang remain silent. I cannot restrain his wish to give effect to the confidence which so many of his investors still have in him, said Mr. Cuddy.
At the hearing, Mr. Tang will be cross-examined on his affidavit filed in support of the motion. We will submit that, if 40 investors waive the OSC`s protection, then perhaps the public interest does not require the continued restriction of Mr. Tang`s ability to trade where these particular investors are concerned, said Mr. Cuddy.
I am humbled by the support from my investors, and I respect the OSC for giving me the chance to present my motion, said Mr. Tang.
31. My investors and I show respects to OSC, but OSC does not care about investor’s loss and has no idea how to rescue or recover and did nothing to prove my strategy if it works, OSC was scared of me trading again to prove they are wrong and they are destructive to the public interest, OSC is very nervous of that trading will give me power of defense so it found a number of irrelevant reasons to refuse our requests and all they have in their mind is deny, deny, deny!!!
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32. After November 13, 2009, OSC hearing and after OSC ignore all the requests and reasons to stop cease order, my investors supported me and sponsor me to leave Ontario and Canada for Hong Kong and China to look for opportunities to make money and recoup for all investors. After OSC misleading charges and one bad investors went to police and mislead the police again. So police has decided to issue an arrest warrant for me on Nov 18, 2009. And a ridicules search warrant for me on Jan,6 2010, which made me famous world wide. All because of OSC misleading and fool the police and public as a Ponzi, a criminal activities which I never have interest and no involvement.

33. The reasons for OSC to deny my investors’ and my requests claim:

1st that Weizhen Tang was not qualified as portfolio manager, did not registered with OSC as a portfolio manager, The fact is that I never claimed I was an investment advisor and never claimed a portfolio manager or registered portfolio manager, and I do not want to be one. It is also a fact that 90 % of portfolio managers are making money from investors, not make for their investors, never add value to investors compared to non-portfolio managed market index, I am the only one or top 1% of asset manager who could add value and protection to investors, not all asset mangers need to be registered.

2nd , I did not have accountant and did not disclose the loss to investors, we are a top and private business, we do not have to be registered, we are not registered and not obligate to OSC and public, I did not need account which waste money and time to fool investors, I am a leader of them, which means I take risk first myself, I am responsible to all my investors’ financial wellbeing. Once we are going public and registered, I would have the best accountant on the street, we did find and would hire the best accountant on the street if we need to.

3rd, OSC said I am harmful to the market and system, that is a mistake, wrong and not true, I am the most useful and valuable to market and system, no harm to anybody and anywhere, only harmful to fraud and a fraud system, I am a antif-fraud. Weizhen Tang is the remedy for the corrupted financial system and is the future of financial system. It is wisdom, common sense and motivation, not the registration and regulations are the future of the system. Weizhen Tang is a public figure, everybody know and love. A leader of financial markets so I am the most safest financial manager and businessman on earth, contrarian to the OSC ‘s false claims.

34. OSC really does not care about investor’s loss and has no intention to help small business and investors, no idea how to help , to rescue and to recover and did nothing to prove my great strategy if it works, OSC is very wrong, ill-forceful ,misleading and destructive. OSC and its investigate team was scared of their mistakes and scared of me trading again to prove them wrong so they have to found a number of irrelevant reasons to refuse our requests and all they have in their mind is deny, deny, deny!!!
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35. After November 13, 2009, OSC hearing and OSC claim they found new reasons to keep the trading ban although it was wrong. After OSC show no respects and ignored all the requests and reasons to stop cease order, my investors lawfully supported me and sponsored me to leave Ontario and Canada for Hong Kong and China to look for other opportunities to make money and recoup the loss for all investors so I did. After OSC ‘s wrong and misleading charges and one bad investors went to police and mislead the police again so police has decided to issue an arrest warrant for me on Nov 18, 2009, made a disaster to me, my family and investors. My business trip was interrupted and all my investors were scared and disappointed again, and It was a ridicules that police even issued a search warrant for me on Jan,6 2010 who know where I was and when I would be back, which wrongly made me famous world wide. All because of OSC misleading, OSC fooled the police and public marked me as a Ponzi Schemer, a criminal activity which I never have interest and no involvement. The troubles and problems were beginning. The police arrest totally destroyed my name, my reputation, my contacts, and all my credit and living means, which also made me lost my communities, lost all my investors. It is really devastating and really hurt, injustice. It makes me wonder why we have such a stupid and bad government, it trys to incriminating a Chinese Businessman and Chinese Warren Buffett to a criminal and to Chinese Madoff and it is attacking Chinese people and destroy a good image of Chinese symbol who made a great contribution to the communities, to economy and society and to Canada and the world...

36. After police effort surface and get involvement on Nov 18, 2009 and issued search warrant on Jan 6, 2010, OSC got a new partner and was very happy and excited and it is not alone now, I think OSC must be nervous and scared after SEC left the case last year and leave it alone. OSC loves to have the police force joint its investigation and try hard to please the police force and OSC also issued Investor Warning to destroy my image as a businessman- Weizhen Tang on Jan 6, 2010 when I was in China and had its own show. OSC has no idea what it is doing and what is the public interests and is so much interested in my case. It does not know what they found is a wrong target and person to fight. OSC consistently and continue to fool the public. The more stupid it does, the more help I get. It is OSC, or Staff at OSC is really stupid and thought they could fool the investors and public anyway and forever. They never expect it could pay price for stupidity, It is a bad government vs. smart People. It is not war between bad senior investigator and criminal, it is war between corrupted government and the greatest investors.

37. In order to make public know what OSC did and investors need to know the truth and facts I wrote that there are at least 25 reasons to stop the extension of OSC cease order—all of them ignored by the O.S.C. on FRIDAY, NOVEMBER 13, 2009, AT ITS LATEST HEARING

1. Over 6 months ago, the OSC charged Weizhen Tang with a number of purported crimes. The OSC had no forensic accounting and no evidence of fraud to the public, nor any money and plan to offer Tang’s investors. It has foolishly suspected Weizhen Tang as some of the worst financial crimes in Canadian financial history, which is wrong and big mistake.

2. On the contrary, Weizhen Tang could actually be a role model and new industry standard for investors and the public; a man who always played his clients’ interest first, and always openly accepting responsibility for any losses—and for the many wins he brought to them for a decade-and-a-half.

3. Weizhen Tang traded for 15 years, proving to be one of e-trades best clients for many of years. Over the two years preceding his problems in early 2009, he was on the board of advisory of etrade, a big financial firm and was a great supporter of numerous charities and public events.

4. Weizhen Tang made major contributions to the Canadian financial industry over several years, paying millions of dollars if not tens of millions in fees to people in the industry and creating many jobs for both banks in particular and the investment community in general.

5. Weizhen Tang had no problems with any financial institutions in the past, always following all their rules and standards, and paid well to their service, has been a superior corporate citizen for these many years.

6. Exchange Trading is open, legal and a transparent system and practice. The cease trade order imposed on Weizhen Tang hurt everyone—his clients and Tang himself. Everyone, it appears, except the Ontario Securities Commission.

7. Weizhen Tang is an extremely sophisticated trader, often proving to be one of the best in the world; a man open for both competition and examination

8. Weizhen Tang is well-known in his field, popular among investors, both safe and trustworthy.

9. Weizhen Tang understands the industry exceedingly well, so that he is open to all compliance, regulations, and restrictions.

10. Weizhen Tang, as a thoughtful trader, would not think of hurting anybody, as unpleasantly suggested by the well-publicized charges and investigation.

11. Weizhen Tang never violated any trading rules, as he has proven himself capable of great success without cutting any legal or regulatory corners.

12. The traditional ponzi schemer does not choose to trade, need to trade, nor know how to trade. Weizhen Tang is eager to trade again, supported by a large percentage of his clients.

13. Trade is the key to this case, which makes it clear that Weizhen Tang is no ponzi schemer nor ponzi-style criminal.

14. An order of cease trade is a pre-punishment, highly destructive to any possibility of a fair trial for an innocent individual.

15. The OSC cease order was and is devastating , not only to Weizhen Tang and his once-thriving business, but, most important, to his revered and honoured investors

16. The OSC cease order did not protect investors and public, but was rather hurtful and destructive to all.

17. Trading on the markets of the world was and is the only way for Weizhen Tang to continue his respected business and pay back his investors.

18. Investors who have been suffering because of the OSC cease order and other actions, and should wait no longer to see justice.

19. The OSC has its own agenda, image and interest, with little thought or concern for the rights of investors and the public interest.

20. The OSC mainly protects banks and other large financial institutions, while injuring individual investors. One can legitimately feel that the OSC has become the enemy of small business and individual investors.

21. It is informative that a large percentage of Weizhen Tang’s investors have always supported him to continue to trade for them, even after he was under investigation and hit with his unfortunate and unfair cease order.

22. One can imagine a tragic new slogan for the Ontario Securities Commission and the American Securities Exchange Commission, after the way they have treated Weizhen Tang: “Too big to fail and too small to save.”

23. After the fiasco of dozens of investigators failing to recognize the obvious and horrific multi-billion-dollar actual Ponzi scheme of Wall Street’s one-time hero Bernard Madoff, it is almost comical that they have so quickly labeled Canadian Tang as running his own kind of Ponzi, punishing him wrongly and libeling him falsely.

24. Weizhen Tang is certainly guilty of one thing: he developed a transparent and consistently profitable system for individual investors, most of whom were thrilled with it. With the huge financial tsunami which hit most markets of the world, and the resulting withdrawal of trillions of dollars of funds by panicky investors, Tang was unable to complete his usually highly successful work. It was disrupted by the OSC, causing Tang serious legal difficulties, and both losses and desperation for his hundreds of clients.

25. Weizhen Tang’s real time trading and often extraordinary public demonstrations showed great transparency, keen skills, profound courage and ability, radiating great leadership and a new, high standard for the industry.

38. My Trading Recording were unique and unprecedented and was prepared for the OSC Hearing of Nov 13，2009, but my former legal counsel Mr. Cuddy Loftus did not have time to review and use it to the hearing

Interesting arguments： According to the regulations of the OSC, 90% of those who are capable of creating profits in the market are not eligible for registration.
90% of those who have made the registration with the OSC in accordance to its regulations are eventually washed out in the market.
The OSC has murdered the trade of investment brokerage, caused so much harm to the investors, and put itself on the route to disaster.

Regulation has to change and must change, only I know how.

It’s time investors mastered their own affairs and OSC should investigate only and stay away from any enforcement. The OSC’s cease trader order against Weizhen Tang is a grave mistake that must be rectified immediately.

In 1994, Weizhen Tang passed the Canadian Securities Examination.

In 1998, Weizhen Tang passed the exam once again, and applied twice for the PDO (Partner, Director, Officer ) exam, which failed him due to lack of objective standards.

In 1999, register with OSC as a salesperson sponsored by Anchor Securities Inc.
In Dec ,7, 2000 register with OSC as a salesperson sponsored by Westminster Securities Inc.
In 2005, 2006 OSC investigation to Oversea Chinese Fund Limited Partnership and settled
In 2007, preparation to register Limited market Dealer
In Jan. 22, 2008, Registered with OSC as Limited market Dealer
In 2008, submitted an application to register as Investment Counsel and Portfolio manager and dealer in the category of limited market dealer.

Weizhen Tang has fifteen years of extensive market experience in North America.

For fifteen years, he has committed himself to developing strategies of continuous and steady investment returns without loss in the extreme difficult fraud markets.

In 1995, Tang successfully achieved consistent profits in his mutual fund speculations, where he was able to keep up to a hundred accounts loss free for one year. His yearly return rate reached 30-50%, and fund under his management grew from $4,000 (Canadian) to 4 million with a year. Unfortunately Tang couldn’t continue his operation due to new restrictions enforced by the OSC.
From 1997- 1998 , Tang’s fund for Forex trading from USD $4,000 to $46,000.

In 2005, Tang introduced his goal of one percent weekly return, his theory and approaches.

In 2008, Tang successfully avoided losses, which was a truly amazing achievement considering the fact that 90% of the funds, whether it’s mutual fund or hedge fund, have lost at least 50%, some lost 90% in value in the global financial storms. Most stocks devalued even more and gone.

Listed below are a few examples of winning, which every fund managers and general investors are never able to accomplish.

In 9 days from January 22 to 31, Tang made a continuous profit of 600%.

In early 2008, under the supervision of two of partners, Tang achieved amazing performances: his funds grew from 279,772.62 of January 22 to $37,8296.68 on January 23, to $650,819.83 on January 24, to $715,075.85 on January 25.

After the weekend, his fund rose to $872902.05 on January 28, to $970690.52 on January 29, to $ 1,198,688.77 on January 30, and to $1499557.57 on January 31. It finally skyrocketed to $ 1902345.51 on February 1.

Tang has another record of consistent winning of 300%.
Starting from $97,182.45 on July 14, his fund rose to $105,488.99 on July 15, then to $169,235.11 on July 16, then to $231,491.39 on July 17, then to $228,128.01 on July 18. By July 22, the fund had grown to $292,664.53.

Another consistent win happened in July of 2008, when Tang grew a fund of $97,182.45 on July 14 to $105,488.99 on July 15, to $169,235.11 on July 16, to $231,491.39 on July 17, to $228,128.01 on July 18, and finally to $292,664.53 on July 22.

In November of 2008, Tang turned $5,000 to more than $110,000 through operations, which enabled him to discover a better strategy for risk control， not windfall profit.

Tang’s strategy and practice of consistent profit generation in 2009

From January 11 to February 26, Tang made a profit of $5 million, using a capital of $1 million, his weekly return averaging $1 million. Before the incident broke out, Tang made investing operations on a personal account of an investor under lot of investors’ close watch and tremendous pressure. He successfully achieved reliable and consistent returns, out of which $ 1 million of my own commission was transferred to the Oversea Chinese Partnership Fund.

From January 26 to 31, Tang made a five-day public demo of his trading operations. Despite of the media and investors’ attention on him, he made a profit of $490,000 (49%) in the first three days. However, due to stress, fatigue, lack of reserve fund, and the position of personal investor, he eventually lost the profits to the market and failed to attain the profit target of one percent weekly. Despite of the filed venture, the public demonstration is unprecedented, a good showcase of his courage and strength.

From March 16 to 18, I used my personal fund of $200000 to make money and pay my dear investors, My ’s operations under the close watch of all investors brought an increase of 20% profit within 3 days, his fund growing from $350,000 to $440,000, net profit being $90,000, OSC stopped and froze the account.

By January 11, 2009, Tang managed to put together $1 million and successfully grew it to $5 million after one month of effective operations and co-operation. Unfortunately, the unsuccessful 100% weekly trade demonstration and the fear of the investors gave rise to another wave of panic withdrawals, which ended in some clients filing a report to the police and the OSC, which issued a suspension on Tang’s trading permit. Even just a few days before his trading was ordered to stop, Tang was still making profits daily and grew 25% of the funds in one week under extreme conditions. Though not comprehensive, the above record is sufficient to show that Tang is not a pursuer of colossal profits, but one who seeks consistent 1% weekly returns. The remarkable growth of his funds is a perfect showcase of his market and investing ability.

From September 4 to October 30, growing from $1 million to $3.2 million (due to the cease trade order of the OSC, Tang used a foreign exchange virtual account to conduct a trading demo for investors)
From 2006 to 2008， Tang raised a fund of $60 million through live demonstration of his Forex investing skills in three years.

In the year one (2006), Tang sustained loss in stock investments and failed to maintain consistent returns.
In the year two (2007), Tang sustained loss in stock and index futures investments and stop future loss forever.
In the year three (2008), Tang avoided loss in Forex and futures investments in the mass and effectively controlled risks.

In the year four (2009), Tang achieved continuous and consistent profits in Forex trading. With risks under control, he put the focus on fluctuation frequency and range.

Through 15 years of persistent struggle and practice, Tang has acquired real skills and high proficiency in wealth creation in the financial market. Should he be deprived of the chance to stand up again for just a one-time mistake made?

Once registered with the OSC, fund managers don’t have to take moral or legal responsibilities for losses incurred in their operations. In my opinion, registration functions as a license for steal and take the investors’ wealth. I did not register with the OSC because I don’t want to harm the investors. Most of those who have registered with the OSC can only conduct passive investments for the sake of avoiding conflicts and trouble. Lot of people who want to register with OSC have motivation of defraud investors, Nortel Network, Eaton, Bre-X Gold Scandal are OSC shams.

Weizhen Tang’s investment strategies, which are dynamic in nature, aim at specific targets and take advantage of his reliable methods and experience. With risks effectively under control, they are subject to much less risk as compared to conventional investments, but much more promising for high investment returns.

It takes at lease fifteen years for someone to acquire the same level of competence and proficiency as Weizhen Tang. For others, it might be impossible at all. The majority of fund managers never thought of doing the same thing, let alone put it in practice. For Weizhen Tang, temporary loss and frustration will not be turned into permanent failure

39. Weizhen Tang aske that who is protecting the investors and public? This is a simple and straightforward question, but I have spent more than a decade thinking about it and trying to get an answer. As a matter of fact, this question deserves profound consideration from all of us. It is generally held that the securities commission as government appointed body to supervise financial activities in society is a protector of financial investors and their interest. As a matter of fact, this is a big misunderstanding, because the securities commission protects only a small handful of people at the expense of hundreds and thousands of others. In essence, the financial market is no different from a casino, in that it seeks benefits for only a few wealthy people by sacrificing the interest of the majority. In that sense, the securities commission only plays a role of misleading the public and providing shelter for a small number of people, as is fully evidenced by all the happenings after the financial tsunami broke out in 2008. Unfortunately, some investors are still muddleheaded about this issue, and that is a true reflection of sadness on the part of investors and the public.
Last year, banks, insurance companies, financial firms and other corporations in the United States including the three auto giants all sustained enormous loss in both their fund and asset value, which amounted to trillions of dollars. However, no one was held responsible, investigated or charged for the loss. Instead, they got rescue from the U.S. government, who poured in tons of taxpayers’ money and even state treasury. Even though these companies were in serious trouble and many even faced bankruptcy, their senior management still pocketed huge sums of money for themselves; for the simple reason that they are under protection of the securities commission, which keeps them free from public interrogation and accusation. In the light of the securities commission’s regulatory policies and rules pertaining to such failures in operations, losses are just a normal part of business operation; there is no need for the management to take liability for public losses, let alone the losses of general investors. They do not have to say a single word of apology or to make any effort to compensate anyone. The same is true for Canada, where, according to the Toronto Star of May 29, 2009, poor operation of the Canadian pension fund resulted in a loss of 24 billion dollars, yet none of those managers appointed by the government to take charge of it was held responsible. On the contrary, they shared a bonus of seven million dollars amongst themselves for that year. Those people are good for nothing except that they have a good education, good connections and the right chance. It is the protection of the securities commission that allowed them not to take any responsibility or to face any penalty for the poor job they did.
As the securities laws are made by the wealthy, they serve the purpose of protecting the wealthy only, but not the general investors, let alone personal investors. If our investors count on the securities laws to recover losses, they are not going to see the result they want. Currently, our investors face various problems, such as not having a clear idea about their status, not knowing who is there to protect their interest or who shares the same interests with them. Because my interests are fully in line with those of the investors, attacking me is no different from attacking our investors, which would benefit no one but the securities commission.
What I have been running is nothing fraudulent but a normal business. The current investigations of the Ontario Securities Commission are not going to bring back a single cent to the investors, and their cease trade order placed on me, particularly the freezing of our investors’ accounts, will only further damage the interest of our investors and add to their loss. This is almost like another disaster to investors after their loss in market, which will eventually shatter all their dreams of loss recovery. At a time when the impact of the market hit us hard, the OSC only made things worse for us rather than rendering any useful help.
If the OSC was really to protect the investors, it should have done everything within its power to prevent the occurring of loss for investors and to help them recover in the event of loss occurrence. At least, it should give the investors hope and offer solutions to them. Unfortunately the OSC has done nothing helpful for us. It is only concerned with maintaining its own public image, for the simple reason that the OSC has no market competence to do anything – everything it does is for show only. A few days ago, I came across an article on the Canadian Business News Network, entitled “Whose interest is the OSC protecting after all”. I thought it contained a few very good points that deserve serious thinking from us.
Regarding the role and importance of the securities commission in terms of supervising financial activities, I have formed an understanding of my own. From the beginning of my career in the financial industry, I did not believe in it and tried to bypass it wherever I could, knowing that I was not in a position to defy it. Though never intending to harm investors, I did not think the securities commission could provide effective protection for investors either. Were it not for the status as a government regulatory and supervising body, the securities commission would not be able to protect even itself. I believe in my competence, my conscience, and sense of responsibility. Without the securities commission, personal investors like me would have been more successful. The securities commission only works for big banks, major financial firms or government bodies by eliminating competition and menace for them from personal investors. It sets up all kinds of obstacles and difficulties for general investors, particularly, personal investors, as the success of individual investors means defeat on their part. The securities commission has always been an invisible lackey of the interest groups and a stumbling block for individual investors’ property. Only a fool would believe that that is a free lunch and there is absolute freedom in the world. Interest is the dominating factor above all.
Without the involvement of the securities commission, I would have made an enormous fortune ten years ago, perhaps no less than that of Warren Buffett. Starting with just four thousand dollars at that time, I achieved remarkable success within a short period of time, my clientele growing from 2 to over 100 in the first year; and my fund soaring to as high as 4 million dollars at the annual rate of 50~60%. I could have maintained an annual profit of over 30% for the mutual fund trading at any time and any place. However, the regulatory obstacles set up by the securities commission eventually blocked my way to further success. That is why I say that the financial market is just not a free and pure arena as people might think.
From the perspective of human right, freedom, business and investor’s interest, I am full of hatred for the securities commission and its lackeys for their ignorance and abuse of power. With absolute power to supervise others, they can do anything they want, and even if they make a mistake, no one can do anything about them. As the above-mentioned article says, “with the removal of Wang Yi, Vice Chairman of China’s Securities Regulatory Commission, and several others from post, the Chinese securities market seems to have regained a source of purity. Bernie Madoff, under the cloak of lawfulness, cheated the investment sector of the whole world for tens of years, but not a single agency has ever questioned the securities regulatory commission for its responsibility. The Ontario Securities Commission is just no different from the securities commission of China and that of the United States in this sense at all.

For years, I have been trying to jump out of the restrictions placed by the securities commission for a change of my status to make money for investors. What an irony it is now that my own investors have put me back in their hands again! What the majority of people don’t realize is that the securities commission is actually one of the biggest obstacles on our path to success - investors never sharing the same interest with the securities commission. The best investors can do is to stay away from the securities commission. People tend to think it is the protector of investors, but in actuality, it only offers protection to wealthy and powerful institutions and dealers, not general investors. It is the protection and sheltering of the securities commission that has led to the troubles of Wall Street and the arrival of financial storms.

The market is a savage, sinister and crazy arena, like a battlefield where the strong bully the weak. The role of the securities commission is to make the bullying process open and lawful. It helps the wealthy while making a show to the public, thus giving people a false impression that it is there to protect public interest. At its best, it functions like a security guard at a casino place: when he sees you winning money, he is sure to intervene, but if he sees you losing, he will step away and leave you alone.

In 1993, when my first investing endeavor made a profit, I realized that trading was a profitable occupation. In 1994, I passed exams on Canadian securities courses and code of ethics. While preparing for the exams, I realized that a license, though helpful for landing a job in the industry, may be an obstacle to success in running an investment business of my own, due to the many regulations and restrictions that come with it. I thought the best ways to protect the well-being of investors is, firstly, to have the real competence of creating profits in the market. If no profit is created for investors, there shouldn’t be any charge to them. Secondly, clients should be able to keep their fund in their own bank account for observation under their eyes so they don’t have to worry about fund safety. In 1995, I started to put these ideas in action. My independent mutual fund operation in affiliation to the Canadian Trust Bank was successful and well accepted by clients. However, as it brought tremendous competition and market menace to the securities commission and financial institutions, they intervened and revised regulations in 1996, so I was deprived the right to do trading again. Thus our dreams of wealth creation were shattered, and my clients left one after another. I thought of retaining a lawyer to fight against them, but the high retaining fees made me give up the idea in the end. Then I tried to strengthen my credentials by taking more of the qualification exams, including PDO (partner, director and officer) test, which is a high bar to keep most of the applicants out. After trying a few times in vain, I gave up. In 1998, I took the general exam and made my registration. However, just a few months after that, I decided to quit my job in the securities trading company, where I found myself being suffocated by the market, client and securities commission’s regulations. Because of the role of the Ontario Securities Commission and Canadian Investors’ Association, the number of investment management firms has plummeted in recent years, and the whole investment industry is shrinking fast.

Through more than a decade of hard struggle in the financial market, I have acquired a thorough understanding as to how easily personal investors can be hit by losses in market, and how easy it is to make huge profits from the position of a market dealer. Therefore, I changed my strategies and was determined to fight for the dealer’s position for myself. Based on my experience in the market and my abilities, I thought a weekly return of one percent was an easy target, so I promised one percent return to clients without hesitation. As there was no guarantee for achieving such return, I myself assumed all risks in relation to it. I planned to raise sufficient funds first before making investment endeavors in market. In recent years, I made great progress and achievement in this respect. Even during the 2008 financial storms, I successfully avoided losses, and in 2009 I was in a good position to make good earnings. However, many people, including the OSC, do not understand me. To them, not investing or losing money in market is a sin. They just do not see or know how hard I have been cudgeling my brain for the benefits of investors.

From late 2007, my situation started to improve. I started to prepare for registering my business with the supervising authority. Meanwhile, my operations continued under the names of those who had passed qualifying examinations but were unable to achieve good profits in practice. I registered the Weizhen Tang Financial Corporation with the OSC. I also planned to register ICMP so as to manage hedge funds and mutual fund. In the United States, I completed registration of the Win-win Hedge Fund. A financial firm with its own unique theories, practice, and thought was about to take off toward the target of becoming a world-class financial group. However, man proposes, God disposes.

The current accusations made by the Ontario Securities Commission against me and my companies are in fact detrimental to the interest of the public. It destroys my company’s name, normal operation of business and hinders the process of wealth creation for investors. What benefits can the investors and public gain from the cease trade order on me? The OSC’s decision to ban me from operating a normal business is only their means of eliminating competitors in the market and destroy my defense. In fact, if it had not been for my experience and wisdom, my investors would have sustained far worse loss in the financial storms of 2008. Who is the real protector of public interest? My answer to this question is as follows: only those who have common interest with the investors or those who the investors have hired to work for them are the real protectors of their interest.

What is Ponzi? and Who is? According to OSC‘s definition: Use New investors` money to pay old investors, Who didn`t, who doesn`t in the financial system? Is anybody use old investors` money to pay new investors? No!
so everybody is Ponzi.
OSC`s second Ponzi definition:
Anybody who Registered with OSC is not Ponzi even if it is a true Ponzi or crime, non-registered is a Ponzi even if you are not.
OSC say that I am not, you are.
But in reality, Bernard Madoff was the former Chairman of Nasdaq and dear friend of SEC chairwoman and all financial frauds are associated almost always with those registered. They are protected and exempt from investigated and charges by OSC. Real Ponzi is a crime and defraud investors for their own gain such Canadian examples as Nortel, Eaton, Bre-X gold scandal.

Loss is common and everybody lose money except OSC and listed companies and their managers who take money from investors all the time, Ponzi and fraud is everywhere and all the times with those who registered with OSC and SEC. The real Ponzi will not and never charged, but the scapegoat will be.

Weizhen Tang is not a POnzi because I was not the Chairman of TSX or chairman of OSC and did not take money from investors, but Weizhen Tang gave all his personal money to his investors, I was by no means Ponzi, only those who take or steal money from investors are Ponzi and associated with OSC staff. Who is Ponzi? Who is committing the crime? Current financial system， OSC? Or Weizhen Tang? Whoever makes investors to lose and have their own gain and steal money from investors, or defraud from investors. There is no motivation and evidences of fraud for Weizhen Tang, nothing criminal, but there are huge motivation and evidences for fraud in the regulated environment.

OSC is a real Ponzi who protect criminals or provide a place for criminal, but hurt investors and public, the country according to criminal code and facts.

I make this affidavit in support of 13 orders to stop defamation,libel and slander of character and name, to drop all the cases and charges of OSC immediately and make compensation and relieves for all the loss and damages to my investors and my name, my business and my family in a total of 70 millions of dollars only by OSC, 60 millions will go to all my investors and 10 millions to my name, my business and my family and permitting me to trade and continue business in all securities and financial trading in open markets and in the public under public and OSC scrutiny and monitor and assistance to save the troubling economy and lead the economy of Canada, the world to a next level.

SWORN BEFORE ME at the City )
of Toronto, in the Province of )
Ontario, this 6th day of August, 2010 )


_____________________________
Weizhen Tang


_____________________________
A Commissioner, etc.


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