The Financial Times reports troubles for the owner of the old Motorola plant in Harvard.
One can tell from the headline:
Arrest of Chinese-Canadian businessman sought in fraud and money-laundering case
Case allegedly involved several hundred million dollars and tens of thousands of victims
Edward Gong, otherwise known as Xiao Hua Gong and Xaiohua Gong, was charged shortly before Christmas with by the Ontario Securities Commission with
- fraud over $5,000
- possession of property obtained by crime
- laundering proceeds of crime
- uttering a forged document
Victims of Gong’s schemes are mainly in China.
He made contributions to both the Conservative and Liberal Parties in Canada.
Harvard made the story because reporter Barbara Shecter found a Northwest Herald article about Gon’s having purchased Harvard’s old Motorola plant for $9.3 million in April.