Weizhen Tang Corporation

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Tang is strange ponzi scheme?!

Author:ÌÆì¿Õé Date:2009-08-21 10:32:23 Readers:1160 reads

Summary

Tang is strange ponzi scheme?!

Tang Weizhen stands accused of being the leader of a ponzi scheme that targeted Chinese investors in Canada, USA, China, principally.

There are now several American SEC and Canadian OSC investigations and charges for various ponzi schemes. But Tang may be the most puzzling accused ponzi yet, as many of his investors continue to ask Tang to invest their monies --even after the accusations of ponzi scheme were aired in the public.

Tang continues to call for his innocence and day in court, the freedom to trade again, as he says, o protect and recoup his investors. Tang even says he wants to help all investors and people of the world, by explaining and revealing the problems of the financial and investment systems of North America, that have imploded in the past year or two.

Tang ‘s 1% a week return to investors are controversial
Tang have been in the market for more than 15 years. Nobody understand the markets as Tang does , Nobody as a trader has lasted in the market as long as Tang have, has traded as much as Tang have done and better than Tang did, Tang is one of the top traders and investors in the world and the first one has found out that to realize 1 % a week is a easy and realistic target for an experienced trader or speculator, do not even need a very successful trader ,80% of traders follow Tang system could achieve 1% a week, Tang also found a 1 % interest and 1% risk per week system just work like casino in the financial market and have constant and consistent return, Tang made 1 % a week before in mutual funds and in large scales in the early 1996 , He was selling his story and ideas and the concept, he gave approximately 1% interest a week to investors or depositors to rise fund, He think he have the right to market and sell the ideas, He did road show or did real time trading demonstration. His financial trading demonstration worked very well almost every time, it showed a great promise and had attracted a lot of investors’ interest, even the most sophisticated seasonal investors who were fond of the performance in the past few years, he did give investors daily interest approx. 1% a week. He used dynamic, random fascinated number, not fixed daily interest and no guarantee to attract investors and worked very well indeed, it was very professional and creative though it is very unusual, it had nothing to do with what Tang did in the markets and Tang never showed his trading records, trading book, never show a complete records and never said there was a one and did not say anything or show anything to prove his daily posting, the daily posting is his number, it is real to him and his investors, nothing is fake, neither false. People thought it was market return, but it actually was his promise, he paid investors according to the promise and the promise has nothing to do with markets, but they were market ideas and concepts, there were no false return or records, neither any false statement. Nor he did make and create any trading record for anybody, He did not have a account book and never show his financial statement to attract new investors and never cooked a one. People bought his unique concept and future and a promise they liked and still like it, just like nasdaq high tech concept, not a real trading correspondent to daily return and never was. It is not illegal to sell concept and promise and no guarantees. He did pay and still determined to pay his investors according to my number and it is achievable and most investors still believe my ideas and want them until OSC stops. All money from investors was for investors’ benefit and general business purposes, it is goodwill and future, it is a real capitalist. Tang claim that he learn everything from US market and did everything legally.
Tang system works even much better in the open and transparent, regulated environment.
OSC cease order will expire on Sept 10，2009 and OSC has to ask for extension and we need to stop them by all means and at any cost. OSC made fatal mistakes to charge me fraud and in public without evidences of fraud, charged me of ponzi without forensic account so far and found no money ever since. It helps nobody, but hurt all my investors. It has been detrimental to my name, my reputation, my business and investors. OSC does not use any brain and has misleaded by a few angry investors whose were made by OSC , it has spent and cost government and taxpayers a fortune to OSC personal gains and own images。
OSC usually does not have any consideration and respect to investors ` desire and future interest and Tang’ s promise and earning power in business, most investors want Tang to trade and make money for them in a transparent and legal way or regulated environment. OSC could stop tang to solicitude for any individual investors` money, how about a Sovereign Wealth Funds, institution funds and pension funds and bank fund etc. OSC should not limit his power and business opportunities to their benefits and my investors` interest as well.

OSC frozen his accounts hurt all his investors a lot already and there is no practical meaning except for OSC `s own image, it is a punishment before judgment.
Tang is not happy on OSC account and cease trade orders, it is blinded decisions and hurt my investors and public in general. He is upset and against the regulated actions, Tang loves to sue OSC if he could.

Tang is a reasonable businessman and a great investor. Investors and the public like tang in general, He could get huge support from investors and public after truth unfold and no OSC interrupt.
Charles Ponzi founded a stupid Ponzi scheme
USA built a sophisticated Ponzi scheme
Tang developed a strange Ponzi scheme, the only one to protect investors and for investors.
Disclaim: this is not admission of “Ponzi”

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