Weizhen Tang

Olina has been talking about her new friend Weizhen Tang . She said that he was a financial genius. She told me that Tang could make profit one per cent per week, no down-week. He could make over 52% for a year. She said that she had a portion of her money managed by Tang. She said that she believed him. She also told me that Max believed that, too. She said that she was helping Jay to market Tang locally.

I am reluctant to believe such a rumor. However, that would be wonderful returns if Tang could really do that for a long time. After I have googled about Tang Weizhen on the Internet for a while, I am not yet willing to believe the story completely. It is likely that this person might be a marketer of his personal ego rather than a real financial genius.

On January 20, 2007 on a birthday party, Richard stated some similar stories about Tang. Richard personally knows him for over ten years. According to Richard, Tang was going to entering the Wall Street this year (2007). Olina mentioned similar goals about Tang a few months ago. The story is becoming more realistic. So his story will come out in the Wall Street Journal very soon if his great returns on investments can continue over time.

By now, the story was ended as of March 17, 2009 with the involvement of OSC of Canada. On March 26, Ontario Securities Commission alleged that Tang had run a Ponzi scheme that defrauded investors in Canada, the U.S. (mainly in Texas) and China of about $60 million.

道德经第十八章：智慧出，有大伪。