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Wednesday, February 13, 2013
Chinese Warren Buffett in court
The self-proclaimed “Chinese Warren Buffett” was sentenced Friday to six years in prison and ordered to pay a fine of $2.8 million.
Tang, lured 200 people into a $52 million Ponzi scheme by posing as an ultra-successful investor. But he’s now destitute, living on welfare and says he cannot compensate his victims.