Is Wang You-theng the fugitive still locked in US jail?

[creamypanda]

Is Wang You-theng the fugitive still locked in US immigration jail?
Or did he get out already?

It sure has been a long time since I’ve read anything about it in the news…

Isn’t the guy like 70 or 80 years old? Kind of cruel to lock up an old
dude for such a long time… He ain’t no Martha Stewart…

Thanks!

[Mick]

There’s a thread " Rebar + bank runs" forumosa.com/taiwan/viewtopi … 1&start=50

Maybe we could merge the two? I’m still waiting for Su Tseng-chang to uncover any political figures that may have been involved. Of course if any DPP politicians were involved, it would look really bad for the DPP. Especially in the run up to an election and with Su wishing to run for president, any mention from him there might be DPP involvement would be the end of that. If only there were a patsy to take the fall, someone you could give a bundle of cash, fly out of the country and put all the blame on.

[mofangongren]

I’m just hoping that he’ll see the wisdom in changing his name to Wang You-thong (“王又丁子褲”) finally.

[Mother_Theresa]

[quote=“creamypanda”]Is Wang You-theng the fugitive still locked in US immigration jail?
Or did he get out already?

It sure has been a long time since I’ve read anything about it in the news…

Isn’t the guy like 70 or 80 years old? Kind of cruel to lock up an old
dude for such a long time… He ain’t no Martha Stewart…

Thanks![/quote]

Kind of cruel??? You’re kidding right? Isn’t it more cruel to allow his family to steal billions and skate free?

[quote]Prosecutors sought yesterday a prison sentence of 30 years and a fine of NT$1.71 billion for fugitive tycoon Wang You-theng, founder of the Rebar Asia Pacific Group. They are also seeking a prison term of 28 years and a fine to the tune of NT$710 million for Wang’s wife, Wang Chin She-ying.

. . . Prosecutors sought a total of 172 years in jail for the nine members of the Wang family indicted in the case.

The Wang couple and their family embezzled an unprecedented amount of more than US$70 billion with help from dozens of executives holding key posts at corporations in the Rebar Group.

They said Wang and his accomplices allegedly used elaborately designed schemes to set up at least 68 paper firms to cook up false transaction records to siphon funds and raise loans from other banks.

The Wangs managed to make use of the fabricated business records and assets to borrow NT$13.1 billion in loans from several other banks.

They also diverted money into their personal bank accounts and remitted at least US$147.7 million abroad. The group’s The Chinese Bank, which has been taken over by the government following a massive run on deposits, lost more than NT$11 billion alone. . . [/quote]
chinapost.com.tw/news/archiv … 104164.htm

[Feiren]

Incredibly it looks like he will be out soon. I’ve posted a full report over on Taiwan Matters.

taiwanmatters.blogspot.com/2007/ … round.html

[creamypanda]

sure looks that way… he’ll probably make bail next week…

does anybody(private or governmental) keep tabs on how many people commit crimes
in Taiwan and then seek refuge in the US/Canada?

Thanks!

[Sean_Su]

[quote=“creamypanda”]sure looks that way… he’ll probably make bail next week…

does anybody(private or governmental) keep tabs on how many people commit crimes
in Taiwan and then seek refuge in the US/Canada?

Thanks![/quote]

Add “and seek refuge in China” for good measure. I mean we’ve seen plenty of those.

Yes, include those like Elmer Fung whom flee to China upon any sign of serious trouble.

[Vorkosigan]

Feiren reported on the latest on Wang at Taiwan Matters

Michael

[ac_dropout]

I wonder does this have anything to do with the fact CSB has been dismissing public prosecutors in Taiwan relating to his case, so that there is a lack of man power to pursue the Wang case as well.

[Mother_Theresa]

@ac_dropout

I wonder does this have anything to do with the fact CSB has been dismissing public prosecutors in Taiwan relating to his case, so that there is a lack of man power to pursue the Wang case as well.

Highly unlikely as his fate is presently in the hands of only the US authorities and not the Taiwan authorities. Sour grape allegations made by Chinese citizens with regard to internal Taiwan political affairs should have no effect on US immigration proceedings.

Bear in mind, too, that the guy is a billionaire and can afford the world’s best legal representation. With only a fraction of his wealth look what results OJ was able to buy. Why would one expect a less spectacular result in this case? Only the naive believe any legal system (even the US system, which is generally pretty good) is totally fair, neutral, unbiased and just, without regard for the wealth of the defendant.

[ac_dropout]

So rich Taiwanese clients and Chinese-American lawyers own the US legal system?

note to self: fire Jewish lawyer on retainer next year

[Mother_Theresa]

[quote=“ac_dropout”]So rich Taiwanese clients and Chinese-American lawyers own the US legal system?

note to self: fire Jewish lawyer on retainer next year[/quote]

No. No need to display your ugly racist side. It’s just a matter of justice and money.

Justice: Wang’s legal status in the US is being decided by the US legal system pursuant to US law, and the petty grievances of a Chinese citizen (you) with regard to Taiwan politics are irrelevant to the matter.

Money: As with all things in life, more money buys better quality. With more money one can buy a better house, car, clothes, etc. Likewise, with a few billion dollars (regardless of race, religion, nationality, etc.) one can buy a team of outstanding, highly educated, highly experienced attorneys, from the best firms, who can generally do a better job than your average shyster at arguing the case, finding the loopholes, exploiting the technicalities, overwhelming the poorly-paid public servants representing the other side, and getting their client his desired outcome.

[ac_dropout]

Omg the world only respects the color green…

Does Wang actually have a billion dollar to spend on legal fees?

[mr_boogie]

"Lawmaker says Wang claims Rebar charge politically motivated

Hsu slams fugitive for ‘absurd’ and ‘unfair’ accusation of oppression by DPP government
By Chang Ling-yin
Taiwan News, Staff Reporter
Page 3
2007-05-15 12:00 AM
Fugitive Rebar Group founder Wang You-theng (王又曾), who is currently being held in a detention center in the U.S. for entering the country without a valid visa, told a U.S. court that the embezzlement indictment issued by Taiwan prosecutors against him is politically motivated. Wang claims Taiwan prosecutors are targetting him because he was born in China and came with the Kuomintang to Taiwan after 1949, a ruling party lawmaker noted yesterday.

DPP lawmaker Hsu Rong-shu criticized the statement made by the wanted criminal in a plea submitted to the U.S. court as “absurd” and “unfair” to the Democratic Progressive Party government. The legislator urged Wang to return to Taiwan as soon as possible to face judicial probe.

Hsu and Chiu Chang (邱彰), a Taiwanese lawyer who represents a group of investors and creditors in a class action suit against Wang and his relatives in the U.S., spoke at a press conference held at the Legislative Yuan yesterday and made public part of the content of Wang’s plea.

According to the document provided by Chiu, Wang claimed in his plea that, “Since I am a businessman originally from China who came over around 1949, I’m labeled by the Taiwan independent movement extremists in the Taiwanese government authorities as a ‘Mainlander Chinese,’ and have been politically and economically discriminated and persecuted recently by the pro-independence Taiwan authorities.”

Chiu said that Wang’s plea is the most ridiculous plea she has ever read, noting that Wang, who has applied to the U.S. government for political asylum, even tried to mislead U.S. judges into believing that the Rebar Group is run normally, that he is just one of Rebar’s shareholders and he was targeted because of his origins.

Hsu stressed that he found it absolutely unacceptable that Wang is even trying to get rid of the embezzlement charges by branding the indictment against him as political oppression by the pro-Taiwan independence DPP government despite the fact that Taiwan prosecutors indicted him based on results of their intensive probes into the alleged irregularity at the cash-strapped Rebar.

Taipei prosecutors in March indicted a total of 107 people at Rebar Group, including Wang, his younger brother, two wives, six children, two daughter-in-laws, and a father-in-law as well as several key personnel, over their alleged involvement in insider trading, embezzling around NT$60 billion from Rebar and its affiliates and using false financial statements to obtain loans totalling NT$13.1 billion from financial institutions.

The prosecutors recommended not only a stiff 30-year-old jail sentence but also a NT$1.71 billion fine for Wang. They said in a indictment that Wang is just like a thief or a bandit who ran away with Rebar’s assets and affiliated companies by trickery, pointing out that the illegal profit Wang made amounts to over NT$73 billion.

Chiu hoped that the prosecutors and the investigators could provide more evidence and information related to Wang’s alleged money laundering for her to help victims of Rebar scandal recover their money.

Chiu said that Wang, who is believed to have remitted the money he embezzled to the U.S., is requesting for a U.S. Permanent Resident Card through family-sponsored preferences but claimed he and the Rebar case have nothing to do with the U.S. when the lawyer representing victims of Rebar scandal asked Wang for compensation in the U.S…

Wang claims that since the Rebar case occurred in Taiwan, Taiwanese victims should not have filed a lawsuit against him in the U.S., said Chiu. "

Just to point out…

OMG, does someone has a picture of Wang and Ma together? That would be great for publicity for Mr. Teflon…

[Belgian_Pie]

According to the document provided by Chiu, Wang claimed in his plea that, “Since I am a businessman originally from China who came over around 1949, I’m labeled by the Taiwan independent movement extremists in the Taiwanese government authorities as a ‘Mainlander Chinese,’ and have been politically and economically discriminated and persecuted recently by the pro-independence Taiwan authorities.”

He forgot to tell that he stole a few billion NT$ of the Taiwanese people … and probably tax money too …