正解，总结经验，接着再PIAN。作者: 多伦多商业地产 时间: 2009-4-6 16:22 标题: 老T又出名了!!! Toronto investor hit with U.S. fraud charge
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OSC extends trade ban Tang denies stealing Investor 'king' admits sin, but denies stealing
At first, the investment statements always came on time with the 1 per cent return as promised.
But early this year, when some of Weizhen Tang’s investors had trouble getting their money back, they demanded an explanation, and Ontario regulators started investigating allegations of a Ponzi scheme.Apr 06, 2009 03:48 PM
Reuters
WASHINGTON–U.S. securities regulators charged a Toronto-based fund manager, who describes himself as the "Chinese Warren Buffett" and his hedge fund with operating a multimillion dollar investment fraud, the Securities and Exchange Commission said Monday.
The SEC, which obtained an asset freeze to halt the alleged fraud, charged Weizhen Tang and his Canadian-based hedge fund with operating a Ponzi scheme, where funds from new investors were used to pay purported profits to other investors.
Since as early as 2004, Tang has raised as much as $75 million from more than 200 investors for his hedge fund called the Oversea Chinese Fund Limited Partnership, the SEC said.
Tang told investors in February 2009 that, in an effort to conceal substantial trading losses and attract new investors to his hedge fund, he posted false profits on investors' account statements and used funds from new investors to pay out at least $8 million in "fake" profits to others, the SEC said.
Attempts to reach Tang at Weizhen Tang Corp were unsuccessful. In a public letter to partners posted on Weizhen Tang's website, Tang said: "I did not steal everyone's funds."
"For my investment partners, February 27 of 2009 was a most shocking, heart-breaking and grieving day," Tang wrote in the letter. "It was also a day of tremendous pain to myself, one that I had feared so much but eventually it arrived. Because of the sin that I had committed, I have hurt you badly. I'd like to extend my deepest apologies."
According to the SEC's complaint, Tang targeted members of the Chinese American community and solicited U.S. investors to directly and indirectly invest in the hedge fund.
Since at least November 2007, the SEC alleges, Tang raised capital for his hedge fund from U.S. investors by offering and selling limited partnership interests in WinWin Capital Limited Partnership, a Texas based venture that he controls. WinWin Partners' sole business is investing partnership capital in the Oversea Chinese Fund, the complaint said.
The SEC alleges Tang sent e-mails to investors to persuade them to trust him with even more of their money and allow him to continue trading on their behalf. Within the last two weeks, Tang has informed investors he is actively raising an additional $1 million to "recoup" investor losses and creating new business entities, bank accounts and brokerage accounts to circumvent action by the SEC and Canadian regulator the Ontario Securities Commission.
Edwin Tomko, a lawyer representing WinWin-related entities said his clients are cooperating with the SEC and the court-appointed receiver.作者: 快乐赚钱123 时间: 2009-4-6 19:26 标题: 人算不如天算，何况你并不一定真的比别人聪明 有的人不称一称自己到底是什么份量，就知道瞎胡吹，这样的人能蒙骗人一时，不能蒙骗人一世，到头来西洋镜终究会被揭穿，狐狸尾巴总会露出来的。当时看到大言不惭的所谓“我的巴菲特之路”，就觉得很像井底之蛙的境界。试想，巴菲特的投资所得将近上千亿美元，世界各地有很多著名的金融机构，保险公司，大企业，等等，巴菲特或者是控股股东，或者是很大的股东，就连中石油巴菲特都曾经持有几亿股，试问唐和巴两者有可比性吗？唐某人的狂话，巴菲特是不敢说的，这点唐某人的确胜过巴菲特。
