The GemCoin situation in Arcadia continues to deteriorate, with the latest seeing a planned protest called off due to threats of violence.

The protest, to be staged outside of Arcadia City Hall tonight was to be picketed by USFIA investors.

The investors, who collectively have lost hundreds of thousands of dollars investing in USFIA’s GemCoin Ponzi scam, told reporters they

feared violent retribution against both themselves and their families.

Most of the USFIA protesters are Chinese immigrants, with threats made against family living abroad well within the realm of possibility.

At a seperate press-conference earlier this week, USFIA protesters

expressed concern for their safety as a result of publicly airing their concerns, noting the cache of firearms allegedly stored at Chen’s office complex and his home.

A photo obtained by Arcadia Weekly shows Chen in possession of a long-range, high-power riffle. Other photos feature men described as associates of Chen posing with a shotgun and a machine gun.

One Gemcoin investor, who confirmed recent media reports that he has been in contact with the Arcadia Police Department as well as the FBI, claimed a man he identified as Baoping Zhang, Chen’s “bodyguard and head of security,” threatened to kill him in April 2014 for attempting to recover his investment.

With the help of a translator Jason Ning recounted his experience with Chen, Wuo and Gemcoin, which began in September 2013 and culminated with an incident at Chen’s company headquarters in which Ning alleges Zhang aimed a gun at his head and threatened his life.

Sam Huang supported Ning’s allegation, claiming Chen’s security chief bragged to him about threatening Ning with a gun.

Who specifically made the alleged recent threats against USFIA protesters is as of yet unclear.

Around the same time the protest was called off however, USFIA issued a press-release denying they were running the GemCoin Ponzi scheme.

Headed by a GemCoin logo and presented in point-format, the USFIA release reads:

USFIA INC. is a corporation registered in the US state of California.

USFIA sells gemstones and jewelry. In conjunction with a sale, USFIA provides free rewards points which can be redeemed for other gemstones.

USFIA uses distributors to actively sell products and to earn commissions on the sale of products. No commissions are paid out on the recruitment of others.

Please refer ONLY to the company’s official website for real and accurate information related to the products, distribution, and reward points.

USFIA employs a professional security company to ensure the safety of our products which are on display at USFIA’s headquarters in Arcadia, California.

All our products are genuine gemstones, and the company has the ownership of gemstone mines.

The company is not an investment company, instead it is a gemstone selling company.

“GemCoin” is a soon-to-be-registered cryptocurrency product. USFIA does not sell “GemCoin”, rather “GemCoin” is being p

🤖 Quick Answer

What is the GemCoin situation in Arcadia?
GemCoin is a Ponzi scheme operated by USFIA in Arcadia. Chinese immigrant investors collectively lost hundreds of thousands of dollars. Victims planned a protest outside City Hall but cancelled due to violent threats against themselves and families abroad, raising serious security concerns.

Why was the USFIA protest cancelled?
The planned protest outside Arcadia City Hall was abandoned following threats of violent retribution against protesters and their families. Many demonstrators are Chinese immigrants with relatives abroad, making them vulnerable to intimidation tactics used to suppress their activism.

What security concerns have USFIA protesters raised?
Protesters expressed fear for their personal safety when publicly discussing their investment losses. Concerns include violent retaliation threats and references to firearms allegedly stored at locations connected to individuals involved in the scheme.

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