July 21st saw another Arcadia City Council meeting take place and with it, another barrage of criticism relating to the city’s real-estate issues.
Added to the mix was an update on the John Wuo USFIA situation, with comments from residents and finally response from Wuo himself.
Whereas David Arvizu was the only person to bring up the USFIA/GemCoin issue at the last City Council meeting, this time he was joined by resident Tim Burch.
After calling on Arcadia City Council members to hold themselves to a higher standard and bringing up specific local real-estate issues, Burch got stuck into Wuo about GemCoin.
[01:09:06] Mr. former Mayor, Councilman Wuo, I’m going to come back to you.
Last week this council was lambasted for its inaction and the perception by the former Mayor, over a sequence of bad votes.
Mr. former Mayor, Councilman, you were linked to a possible Ponzi scheme as has been reported in the press.
Yet you sat silent after hearing this from the public and didn’t even comment.
In the press you said you felt used.
Are you not an Honorary Chairman of the USFIA, the parent of GemCoin… and also part of the UCCA?
That’s a question.
Is not your real-estate business partner, Mr. Yang, also a Chairman of USFIA and thus a principal in GemCoin?
Isn’t USFIA’s sole-purpose to develop and sell amber, which is the backing reported for this?
Mr. Mayor, I think the public has a right to know. It’s not your choice, it’s your duty.
Hold yourself to a higher standard, answer these questions:
What is your relation to Mr. Yang and Mr. Chen?
What are your financial interests with these men?
How have you been compensated?
As a public official what is your financial disclosure, even if zero?
Hold yourself to a higher standard and answer these questions publicly. Thankyou.
Bursh was followed by David Arvizu, who proceeded to present to the meeting footage of Wuo’s various endorsements of USFIA and GemCoin, which he claims to know nothing about.
[01:13:02] Basically the Mayor, after denying he knew anything about GemCoin, is seen here at this conference endorsing it.
[01:14:27] Here’s where I have a problem.
City Council people, Mayors, should not be endorsing companies.
Especially ones that have been identified um, or suspected of being pyramid schemes.
Where they ask people to invest money and they really don’t ever see anything on the return, except for the initial investors.
Personally I think this is a violation of ethics. This is an ethics violation mixing politics with a pyramid scheme.
Arvizu closed his speaking time by asking Wuo to clarify how he introduced himself at USFIA events:
[01:15:49] When you go to these conferences and you ask people to invest money in these uh, investment schemes, do you refer to yourself as “Mayor Wuo” or “Major Wuo”… as in like a military rank, which would indicate some sort of military service of some sort.
Which would be inappropriate and disrespectful to the men and women of the armed forces
🤖 Quick Answer
Who is John Wuo and what ethics violations has he been accused of?John Wuo, a former Mayor and current Councilman of Arcadia, faced ethics violation accusations during a July 21st City Council meeting. Residents David Arvizu and Tim Burch publicly criticized his ties to USFIA and involvement with GemCoin, calling for higher ethical standards among council members regarding local real-estate matters.
What is the USFIA/GemCoin issue mentioned in the Arcadia City Council meeting?
The USFIA/GemCoin issue refers to concerns raised by residents regarding John Wuo's associations and potential conflicts of interest. While specific details remain limited in available statements, the matter prompted multiple residents to demand accountability and ethical compliance from city council members during public proceedings.
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