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Chinese Weizhen Tang arrested in Toronto over Ponzi scheme
The self-proclaimed “Chinese Warren Buffett,” arrested in Toronto Wednesday for allegedly running a Ponzi scheme, has no money and will need to seek legal aid very quickly, his lawyer says.
Weizhen Tang, the alleged mastermind behind the multimillion-dollar scheme, made a brief court appearance on Thursday, but his bail hearing was put over until Friday morning.
“I expect that the bond issue,...
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