Police Release Photo Of Toronto Man Accused Of Running A Ponzi Scheme

Posted January 6, 2010 12:49 pm.

This article is more than 5 years old.

Police are looking for a Toronto man accused of running a Ponzi scheme, defrauding more than 100 people of a whopping $30 million.

The suspect is believed to have called himself the “Chinese Warren Buffet” and used that name in online trades between January 2006 and March 2009.

While some of his victims are Canadian, others have been located in the United States and China.

A warrant has been issued for the arrest of Weizhen Tang, 51.

Tang is described as:

Chinese
5’2”
130 lbs
short black hair
glasses

If you can help, call police 416-808-7238 or Crime Stoppers to remain anonymous 416-222-TIPS (8477). You can also leave your tip online www.222tips.com, or text TOR and your message to CRIMES (274637).

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