Mayor Rob Ford wins lawsuit appeal. Next week, former
Mayoralty candidate, convicted ponzi, Weizhen Tang, sentencing
continues
URL : http://weizhentang.wordpress.com/2013/01/25/mayor-rob-ford-wins-lawsuit-appeal-next-week-former-mayoralty-candidate-convicted-ponzi-weizhen-tang-sentencing-continues/
Posted : January 25, 2013 at 6:02 pm
Author : weizhen tang
Tags : "fraud" of the justice, amicus lawyer, and financial
systems, anti-fraud, appeal, chinese warren buffett, commits largest
ponzi scheme fraud in Canada, election for Mayor, Government
prosecutors, Hamilton lawyer, Judge Charles Hackland, Judge Hackland
decision overturned, Judge Hackland erred, Justice Alfred O'Marra,
King of 1%, lawsuit appeal, legal system, Mayor Rob Ford, Mayor Rob
Ford wins, Mayor Rob Ford wins appeal, Mr Gavin Macdonald, Peter
Boushy, Ponzi, prosecutor Robert Gattrell, run for Mayor, sentencing,
weizhen tang, Weizhen Tang's sentencing hearing, worst ponzi fraud
Categories : Uncategorized
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 of 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 moeny was for "legitimate" business
expenses; and because NOT a lot of money was diverted... Some $2.8
Million was diverted, claimed Crown prosecutors Robert Gattreell 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 concidence, and commentary on
modern politics: 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...
Add a comment to this post:
http://weizhentang.wordpress.com/2013/01/25/mayor-rob-ford-wins-lawsuit-appeal-next-week-former-mayoralty-candidate-convicted-ponzi-weizhen-tang-sentencing-continues/#respond
My case is not only not fair since I do not have a lawyer, but also the process is not honourable or dishonor since there was no offer and talks.
I do not have a lawyer, I am my own lawyer, we have to have talks, I requested talks many times, they did not answer and ignored me
They never offer me anything and never gave me a talk before going to court, I gave them offer and they did not response for three years in the crown and four years with OSC
The Justice Nordhemer in the the middle of year 2012 told me that they only talk to me if I plea guilt
Why did I deceive my investors and gave my own money to them?
Nortel was once the pride of Canadian technology. What the former CEO and this executive team managed to do was to turn the company into the biggest failure in Canadian history. This trial should have brought some justice to the shareholders, creditors and employees that were defrauded. Yet, once again, the Canadian justice system fails.
Three former top executives of Nortel Networks Corp. have been acquitted of fraud after a lengthy trial.
The decision was revealed Monday by Mr. Justice Frank Marrocco of the Ontario Superior Court, who presided over their trial last year.
Score: 44Grumpy Senior
10:39 AM on January 14, 2013
Canada's financial regulations, oversight and enforcement are a joke. These guys caused grief for thousand of Canadians while they collected bonuses - SHAME ON US
15 replies
Report Abuse
Score: 37Top LeveL
10:36 AM on January 14, 2013
As Wall Street proved in 08-09: if you have the wealth to hire the right lawyers, you can do whatever you please.
9 replies
Report Abuse
Score: 25T Rogers
10:46 AM on January 14, 2013
I guess it's true; money talks, and BS walks.
1 reply
Report Abuse
Score: 18farmer's daughter
10:55 AM on January 14, 2013
While not excusing the excesses and poor decisions of management, anyone who followed the testimony of this trial would have realized criminal proceedings were a total waste of the taxpayers' money. Earnings management practices were no different than any other large company, and I have worked for a few. Perhaps not the most ethical, but blessed by their auditors, and by no means criminal.
5 replies
Report Abuse
Score: 17goalie
11:24 AM on January 14, 2013
Not guilty in a court of law, guilty as sin in the court of public opinion.
3 replies
Report Abuse
Score: 16Marc_Labbe
10:51 AM on January 14, 2013
O Canada - white-colar criminals go free.
Report Abuse
Score: 16moccachino
10:51 AM on January 14, 2013
Well frank and his gang can retire on all the money they made when the stock shot up 500% in a few days in a few days( because of the shady financial results).. Meanwhile all the employees got screwed by the company ( ESP the ones on pension)
4 replies
Report Abuse
Score: 14claroch
11:26 AM on January 14, 2013
You steal a few hundred dollars, you go to jail.
If you wear a white collar shirt and you steal millions, you're home-free.
A good advice for a teenager pondering his lifetime career move ...
1 reply
Report Abuse
Score: 13Dosibe
10:38 AM on January 14, 2013
Look for Deloitte's new marketing campaign to key on providing management with a "License to Steal".
1 reply
Report Abuse
Score: 13hap1901
10:51 AM on January 14, 2013
I think the judge's rationale was that since what they did was consistent with generally accepted accounting principles, and their auditors had signed off on it, then it was not fraud.
The people who lost their jobs, their pensions, and all the investors who tool a bath on this can't take much solice from that.
These kinds of judgments make Canada look more and more like a banana republic, where the elites can do what they like, and get away with it.
If they have been using reserves in this way since the 80s, then they were at least following the accounting principle of consistency. What a disgrace, especially for the auditing profession. Hell, I hate to put auditing and profession in the same sentence. Every member of the CICA should hang their heads today.
法官：不允许唐炜臻攻击加国司法制度