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Man accused of Ponzi scheme announces run for mayor

Weizhen Tang, the self-proclaimed Chinese Warren Buffet accused of defrauding investors in a $30-million Ponzi scheme, says he is the man to clean up Toronto city hall.

Weizhen Tang, the self-proclaimed Chinese Warren Buffet accused of defrauding investors in a $30-million Ponzi scheme, says he is the man to clean up Toronto city hall.

Tang said Thursday he has registered to run for mayor and has no doubt Torontonians will vote him into office to root out corruption, which he described as “the wasting of millions of dollars.”

“I have the best chance to be mayor,” Tang said after circulating a manifesto subtitled: “How the Canadian government is too fat to move, but Toronto, through extreme fitness, can save the country, and itself, from corruption and a Great Crash.”

Tang was arrested and jailed in January after returning to Toronto from China. He was released on bail in April.

A prominent member of Toronto’s Chinese community, he ran the investment fund Oversea Chinese Fund Limited Partnership.

Last year, he organized a North American Chinese wealth summit, which, his email states, was “far better received than the disastrous G20!”

 
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