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Thursday, 04/24/2014 11:01:01 AM

Thursday, April 24, 2014 11:01:01 AM

Post# of 58021
FFFC: FONG

Henry Fong, a 74-year-old resident of Palm Beach, Fla., who owns the remnants of FastFunds, signed a $1 million guaranty for Grace Capital debts. He turned on the firm after Anwar and some of its investors won a judgment ordering him to make good on his promissory note.


http://www.startribune.com/business/96679279.html?page=2&c=y

And this story really has ties to AFPW. As mentioned before, Fong and Cade previously ran a company called Hydrogen Power, Inc. (HYDP). Somehow HYDP kind of withered away and AFPW emerged in Philadelphia with the mysterious patents. Well, if you look into HYDP you will see that Michael Casazza, Ijaz Anwar, Capital Grace, FastFunds, Chex and Henry were all intertwined there.

A. The allegations against Fong.

Paragraph 69 of the complaint alleges that "on January 29, 1996, Fong was quoted as stating falsely that the [sale of one of Roadmaster's subsidiaries] 'resulted from [Roadmaster's] ongoing strategic plan, rather than pressure from creditors.'" (second alteration in original). Because this statement was not forward-looking, the plaintiffs were required only to allege particular facts giving rise to a strong inference that Fong acted with severe recklessness when he made the statement.


http://openjurist.org/256/f3d/1219/alexander-theoharous-v-henry-fong-metromedia-international-group-inc-et-al

Tip of the FONG Iceberg as FONG is a PRO-Penny Stock SCAMMER! FONG has been doing this for DECADES fooling & taking investors!

ALL WILL BE FONGED!

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