Following denials by Wuo claiming he has no idea what GemCoin is, and that USFIA “used” him to promote their scheme, a resident of Arcadia citizen spent six minutes roasting Wuo at a city council meeting.
The comments directed at Wuo were given during the “public comments” section of the meeting, with David Arvizu taking to the podium to grill Wuo on his ties to USFIA.
BehindMLM recently
reviewed USFIA
, concluding that it was yet another Ponzi points scheme masquerading behind a faux cryptocurrency.
We also uncovered John Wuo, currently a councilman for the City of Arcadia, California, appearing and speaking at many USFIA events.
Wuo has since denied any knowledge of the scheme,
telling a local newspaper
he “doesn’t know anything about GemCoin”.
At least one resident of Arcadia wasn’t satisfied with Wuo’s explanation, using public comment time at the council meeting to raise the issue.
David Arvizu, spokesman for the Save the Arcadia Highlands organization, began his five minutes of mic time with a brief history and introduction to USFIA;
Recently I read about a company in the Arcadia Weekly and Sierra Madre Tattler called USFIA.
For the most part, the company deals in digital currency, similar to BitCoins, which it claims are backed by amber mines in the Dominican Republic.
Further reading seems to reveal that this company reveals that this company is actually a Ponzi scheme. Its main purpose is to rip people off.
A similar scheme seems to have existed in China a few years ago. When the government cracked dow on their operation, they fled to Taiwan.
When things heated up there they closed up shop and now this new scheme seems to have landed in Arcadia.
Commonly it (USFIA) can be found on the internet if you do a search under the term “gemcoin”.
And on the websites that you see there, scroll through the different websites that they have, there seems to be a recurring appearance of the City Councilman, and at that time also Mayor, John Wuo.
When he was contacted by the Arcadia Weekly, his comments were “I don’t know anything about GemCoin”.
This is the official response of Wuo to questions about his tie to USFIA we mentioned earlier.
Despite appearing and speaking at many USFIA events, Wuo insists
he has no financial interest in and hasn’t received any compensation from the companies connected to Gemcoin, nor is he a Gemcoin investor.
Whether Wuo has received direct or indirect compensation from USFIA however is unclear.
Citing media online in which Wuo praises GemCoin and USFIA, the Arvizu called Wuo out for giving the scheme and its GemCoin a “glowing endorsement.”
Addressing Wuo’s claim that he “felt used” by USFIA, Arvizu replied:
Mr. Wuo, I’m a citizen of Arcadia. I feel that I have been used. I don’t believe you.
I do believe that you are business partners with these individuals. And that you are being compensated for these appearances, and the money you are being paid is ending up in some overseas bank account.
Bu
🤖 Quick Answer
What is the GemCoin scheme associated with USFIA?GemCoin is a cryptocurrency-based points scheme operated by USFIA that has been identified as a Ponzi scheme in disguise. The scheme falsely presents itself as a legitimate cryptocurrency platform while operating on unsustainable investment returns typical of fraudulent financial structures.
Who is John Wuo and what are his alleged connections to USFIA?
John Wuo is a councilman for the City of Arcadia, California, who appeared and spoke at multiple USFIA promotional events. Despite his involvement, Wuo has publicly denied knowledge of GemCoin and claimed that USFIA used him to promote the scheme without his full understanding.
How did the Arcadia community respond to Wuo's involvement?
During an Arcadia city council meeting, resident David Arvizu publicly confronted Wuo during the
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