Feb 182019
 

The first thing are these Jade Statues they are trying to turn in to Bitcoin. It is an all cash business and all unregistered, unregulated and unlicensed. Worse, the solicitation is for non-us investors, apparently to get around regulatory oversight in California and the USA. This is also apparently how he gets around scrutiny from Insurance interests for his outside businesses.

Watch this video and ask yourself if this looks legitimate

One of Peter Kuo’s companies is based in the ZGC Capital Building which has been a focal point of the Pentagon for industrial espionage and President Trump’s trade war with China.

Politico: How China acquires ‘the crown jewels’ of U.S. technology “But it’s not always easy to trace the money back to a single source, let alone determine what connection that source has to Beijing’s Communist leadership. Haiyin Capital, a Beijing-based VC firm, is partially backed by a state-run Chinese company, according to a company release. Also complex is ZGC Capital Corporation — located in Silicon Valley and focused on providing startups with basic business help — is a subsidiary of a state-owned enterprise funded by the Beijing government, according to the organizations’ websites. Attempts to reach each organization were unsuccessful.”

The Financial Times: The tech fear behind Donald Trump’s trade war with China “Yet the incubator could also just as easily be ground zero in a 21st-century innovation war between the world’s two largest economies. Behind the Silicon Valley and Boston facilities is Zhongguancun Development Group, a venture capital fund that originated in Beijing’s technology district and is owned by the city’s municipal government. It is at the sharp end of what has become one of the most neuralgic issues in Washington.”


(Photo credit: Peter Kuo’s Facebook page. With Democratic Congressman Ro Khanna, Democratic Assemblyman Kansen Chu, and an unknown woman at the ZGC Innovation Center)

Kuo’s business advertises that it can connect Americans with Chinese Venture Capital Money…

President Trump has been staring down China in a trade war, and he has been effective and has forced them to the bargaining table. He has taken the step of banning Chinese technology from being used in American infrastructure.

So why then is Peter Kuo, an American businessman, working for the interests of China in China?

If you missed the first installment of our expose’ on the business dealings of Peter Kuo, it is linked here. It does not take an attorney to figure out that a lot of this stuff will make terrible optics for an American audience.

The Economist had something to say about the alarming wave of Chinese interests taking over American Companies:

In coming days President Donald Trump is expected to sign into effect the Foreign Investment Risk Review Modernisation Act (FIRRMA), which establishes more vigilant reviews of foreign investments into American companies, including startups, on national-security grounds. While Mr Trump and China continue to spar over trade tariffs, FIRRMA reflects a fight over Chinese investment in American technology startups that is less visible but which nonetheless may have serious consequences for Silicon Valley.

Big deals with national-security implications have long been scrutinized. America’s powerful Committee on Foreign Investment in the United States (CFIUS) has reviewed attempts by foreigners to take controlling stakes in domestic firms where their presence could weaken national security. But minority investments in startups went unremarked, though the firms may hold sensitive innovations in areas such as robotics, artificial intelligence (AI), biotechnology, 3D printing and more.

If (a big if) you believe that Peter Kuo’s business ventures are legitimate – then you’ve accepted that he is actively engaged in getting Chinese investors to buy American Companies. This is not a good look for the California Republican Party.

Secondly, we posted a list of questions that have still gone unanswered by Mr. Kuo. If Mr. Kuo is unable to answer questions from ordinary CAGOP Delegates, what will he do when the national media comes calling? (fold like a cheap lawnchair?)

As we looked for answers, we came across a Pentagon report about the alarming rate of Chinese takeovers of US based tech companies.

HONG KONG — China is investing in Silicon Valley start-ups with military applications at such a rapid rate that the United States government needs tougher controls to stem the transfer of some of America’s most promising technologies, a Pentagon report says.

There are few restrictions on investing in American start-ups that focus on artificial intelligence, self-driving vehicles and robotics, the report contends, and China has taken advantage. Beijing, the report says, is encouraging its companies to invest for the purpose of pushing the country ahead in its strategic competition with the United States.

In some instances, Chinese companies have made under-the-radar investments intended to dodge the oversight of a government agency, the Committee on Foreign Investment in the United States, known as Cfius.

So, has Mr. Kuo been arranging transactions like the above or are his companies shells with no income? In just the last year, it appears from our research that Mr. Kuo has shut down two of his entities.

In a recent post about Mr. Kuo’s frequent, 3-week-plus trips overseas, we revealed a few more potential issues. The company highlighted above DCLUSA was featured in the post:

Another business venture is linked here. You will notice that there is limited information on the three-page site. It is a startup consulting company that alleges to recruit investors from China, Taiwan and Indonesia. I am struck by the typos on the site, lack of “Who we are”, the lack of testimonials and no physical or mailing address listed.

The post highlighted a Russian-Chinese Aircraft Manufacturing Interest that Mr. Kuo is attempting to start up. Kuo’s facebook is replete with posts about this company, its Russian investor friend of his, and the Chinese factory where these products will be manufactured for an unknown market. At the same time our President is stressing bringing back jobs to America, much of Peter Kuo’s business efforts seem to be aimed in the opposite direction, other than his insurance business.

At worst, these multiple offshore business dealings (crypto currency, Russia/China aircraft manufacture, helping Chinese plutocrats invest in US technology companies, and more) raise serious questions about their legitimacy and policy issues.

At best, the businesses are legitimate, yet look like they are competing with President Trump’s attempts to stop China from compromising our technology.

Somewhere in the middle is the fact that Kuo is gone out of the USA for as much as 6 months a year. Somewhere in the middle are the terrible optics of the unregistered securities and the Chinese Venture Capital – which side of these transactions does Peter represent? It’s unclear.

Some of these businesses do not have any visible activities – are they elaborate shells, that are being used for other purposes?

In case you wanted more information as to why the President is taking steps to reign in Chinese takeovers of American Businesses – see this Politico Article:

In fact, a six-month POLITICO investigation found that the Committee on Foreign Investment in the United States, the main vehicle for protecting American technology from foreign governments, rarely polices the various new avenues Chinese nationals use to secure access to American technology, such as bankruptcy courts or the foreign venture capital firms that bankroll U.S. tech startups.

The committee, known by its acronym CFIUS, isn’t required to review any deals, relying instead on outsiders or other government agencies to raise questions about the appropriateness of a proposed merger, acquisition or investment. And even if it had a more formal mandate, the committee lacks the resources to deal with increasingly complex cases, which revolve around lines of code and reams of personal data more than physical infrastructure.

Unbelievable. Also, what exactly happens on these trips? To be continued…

Feb 142019
 

Just three months before he decided to run for CAGOP Vice Chair, Peter Kuo cut a video (purportedly in Taipei Taiwan) with a bunch of Jade Figurines. The Jade Statues are allegedly from a long-passed Chinese Royal Family (yet the treasure trove somehow made it off the mainland to Taiwan), and are to be the basis for a new crypto-currency.

As we researched Peter Kuo, we found an array of business entities he is affiliated with, one such entity is a Chinese Aircraft manufacturing facility.

There have been several posts on social media about this commercial aircraft venture by Mr. Kuo. However, when your intrepid blogger started talking about it in terms of Mr. Kuo being overseas for weeks at a time… Mr Kuo responded that it was #fakenews

Mr. Kuo – is the aircraft factory #FAKENEWS? What will you tell your investors?

It is the opinion of this blogger that the Venture Capital Company he has a website up for is dubious.

Feedback from several CAGOP Delegates who have watched his pitch video for the unregistered Jade Backed Bitcoin has been negative as well. Most people think it is a scam based on the feedback I am receiving.

Another business venture is linked here. You will notice that there is limited information on the three-page site. It is a startup consulting company that alleges to recruit investors from China, Taiwan and Indonesia. I am struck by the typos on the site, lack of “Who we are”, the lack of testimonials and no physical or mailing address listed.

So is the Russian Aircraft Venture Real or Not?

On one hand, you have Mr. Kuo flying to Asia to pitch start up companies. On another hand, you have Mr. Kuo advertising that he can connect your US company to foreign investors.

On yet another hand, you have Mr. Kuo pitching Jade-Backed Crypto Currencies, and still others you have a website purporting to be for an exclusive group of venture capitalists.

Then there is the Farmer’s Agency in America.

… and, then there is this:

Andra Capital – yet another unregistered security
Andra Capital is a late-stage, pre-IPO, technology growth fund where investors can choose to invest traditionally or via an optional liquidity feature — an asset-backed security token called the SILICON VALLEY COIN.

Now we have some patterns. Venture Capital and Unregistered Securities. Cash businesses with no regulatory oversight. Not good.

If I was caught promoting unregistered securities by the Insurance Carriers I represent, I’d lose my contracts with them. I can’t even sell Amway, some of the contracts I have are so strict. I am sure Farmer’s has no idea what Mr. Kuo is doing. Mr. Kuo, as a fellow insurance agent should know that this stuff presents a problem for his insurance practice.

It is the hope of your intrepid blogger that if you are a CAGOP Delegate that you take a look at Mr. Kuo’s business ventures. There are some key questions to ask.

Do they look legitimate to you? What would the California media do with these, as we all know the media is grotesquely biased against Republicans. Kuo’s world looks like easy low-hanging fruit for inuendo.

Since Venture Capital and unregistered securities are near the top of the list for money laundering and fraud type of issues – imagine what reporters could do with their ability to spin.

If you think these businesses are legitimate, how does Peter Kuo have enough time for all of these ventures and the CAGOP?

Perhaps some of these ventures are dead shells? Why have them?

Mr. Kuo’s Farmer’s agency is reputed to be large enough to support his lifestyle. This further ads to the questions as to what exactly he is doing overseas.

No matter how you slice the information about Peter Kuo’s current business dealings they present a variety of problems for anyone concerned about the direction of the CAGOP. The media could have a field day with this stuff, and Mr. Kuo likely will not even be in the country to do his job.

There is a better way than Peter Kuo for Vice Chair.

Feb 132019
 

Apparently, Peter Kuo is not aware that the Manchukuo dynasty was a puppet government set up by the Japanese Government in the Conquered Parts of China in the 1920’s. As in – it was a FRAUD.

It is the opinion of this blogger that Peter Kuo has several dubious and questionable businesses that he should answer for. None the least of which is the Jade Bitcoin business that was being lampooned in the comment thread that has him playing the race card.

The second question any cagop delegate should ask, is Peter Kuo so weak that he will run to straw men to defend himself when asked tough questions? It is clear that the factual information presented on the Rightondaily blog is bothering him, that is why he cried wolf.

Peter Kuo is getting lit up on Social Media after our first expose’ on his business dealings. The following is a series of questions being shared all over social media: (The original post was from Susan Walsh)

Ask yourself if this looks legitimate

Delegates- please pay attention. Peter Kuo is running for CA GOP Vice Chair. This video was posted on Oct. 16th 2018. 
Keep in mind the following:

1.) Asset backed securities need to be registered, if for sale in the United States, with the SEC. If it hasn’t been and there isn’t a circulated prospectus, then Houston, we’ve got a problem.

2.) Do you have an appraisal to the value of these artifacts or did we find them at Target?

3.) What or who is the registered custodian for these artifacts / antiquities?

4.) If I want to redeem my tokens into partial ownership of one of these artifacts, how does that work? Do I get to break a paw off of one of the dragons and call it my own?

5.) With respect to your comments about your new cryptocurrency, how EXACTLY are you going to insure that it will be less volatile than bitcoin? And, which financial institutions have you partnered with that will allow me to use my debit card to do future transactions?

6.) Have you cleared any of this with the Chinese authorities? If these artifacts are worth $100m USD do you have clear, uncontested ownership? And in whose name is this under?

7.) The laws that govern the sale of unlicensed securities, much like a hedge fund, expressly prohibit the advertising of these types of investment opportunities. Clearly, you have failed to pass the “sniff test” under any United States laws. Are these opportunities expressly open to investors outside of the United States?

8.) Who is the insurance carrier available to underwrite your asset backed investment opportunity and where can we expect these artifacts to be domiciled for safe keeping? Your family room is not an adequate answer.

9.) $100m USD is a lot of money and with great ability and stewardship demands even greater diligence and management. Sounds to me like this alone will require a great amount of time and talent.

10.) Why are you running for CAGOP Vice-Chair? Is it for your future ventures or is it to improve the party?

Peter Kuo, I think you are an awesome dude, a violin virtuoso, and a true Trump supporter. I just don’t think you are up for this. We value your enthusiasm but honestly we don’t need the #2 of the CAGOP to be the headline for 60 Minutes.

I wish you well with your endeavors

As you will recall, I switched my endorsement from Peter Kuo to Corrin Rankin for a variety of reasons.

It is clear that Kuo lacks the qualifications and the depth of character to be an effective Vice Chairman for the CAGOP by virtue of his actions. He is gone out of the country a lot and will not be consistently available to do his job. He has also not demonstrated a grasp of the fundamentals of party organization to do the job.

Add this latest stunt to the list.

Feb 122019
 

Peter Kuo is getting lit up on Social Media after our first expose’ on his business dealings. The following is a series of questions being shared all over social media: (The original post was from Susan Walsh)

Watch the Jade Coin Video Here…

Delegates- please pay attention. Peter Kuo is running for CA GOP Vice Chair. This video was posted on Oct. 16th 2018. 
Keep in mind the following:

1.) Asset backed securities need to be registered, if for sale in the United States, with the SEC. If it hasn’t been and there isn’t a circulated prospectus, then Houston, we’ve got a problem.

2.) Do you have an appraisal to the value of these artifacts or did we find them at Target?

3.) What or who is the registered custodian for these artifacts / antiquities?

4.) If I want to redeem my tokens into partial ownership of one of these artifacts, how does that work? Do I get to break a paw off of one of the dragons and call it my own?

5.) With respect to your comments about your new cryptocurrency, how EXACTLY are you going to insure that it will be less volatile than bitcoin? And, which financial institutions have you partnered with that will allow me to use my debit card to do future transactions?

6.) Have you cleared any of this with the Chinese authorities? If these artifacts are worth $100m USD do you have clear, uncontested ownership? And in whose name is this under?

7.) The laws that govern the sale of unlicensed securities, much like a hedge fund, expressly prohibit the advertising of these types of investment opportunities. Clearly, you have failed to pass the “sniff test” under any United States laws. Are these opportunities expressly open to investors outside of the United States?

8.) Who is the insurance carrier available to underwrite your asset backed investment opportunity and where can we expect these artifacts to be domiciled for safe keeping? Your family room is not an adequate answer.

9.) $100m USD is a lot of money and with great ability and stewardship demands even greater diligence and management. Sounds to me like this alone will require a great amount of time and talent.

10.) Why are you running for CAGOP Vice-Chair? Is it for your future ventures or is it to improve the party?

Peter Kuo, I think you are an awesome dude, a violin virtuoso, and a true Trump supporter. I just don’t think you are up for this. We value your enthusiasm but honestly we don’t need the #2 of the CAGOP to be the headline for 60 Minutes.

I wish you well with your endeavors

Your Intrepid blogger is extending an opportunity to Mr. Kuo to respond to the above questions. These issues were pivotal in RightonDaily switching endorsements in Vice Chair Race. Other people beyond your intrepid blogger are asking the same questions. Please email me at [email protected] and I will post your response unedited.

Hopefully your responses will mitigate the need for future posts.

Feb 102019
 

The number one knock on Peter Kuo is that he is gone, sometimes for several weeks at a time. In just the last couple of months, Kuo has been in Las Vegas and Indonesia for extended periods. His Facebook is replete with trips overseas for a variety of “businesses” he is involved in.

Your intrepid blogger has determined that Mr. Kuo has something like 6 businesses, with only one being clearly a US-based interest. That is his Farmer’s Insurance franchise. It is highlighted on Yelp below:

It seems that Peter’s constant trips overseas have had a residual impact on his business. I am wondering if the same inability to be available will negatively affect us in the CAGOP?

The Farmer’s Insurance agency appears to be the lone US business Mr. Kuo is involved in.

In a previous post, we wrote about Mr. Kuo’s business dealings with Russians in China.

(Photo credit Facebook: Peter Kuo)  Zooms of the photo show that the writing in the background is in Chinese suggesting this photo may have been taken in China.

As an Insurance Broker, one of the reasons I left the Principal Financial Group in 1999, is because they were always asking about outside business ventures. As an independent broker, as long as I write good business and do nothing illegal, the insurance carriers I represent ask few questions.

However, one guaranteed way to lose your insurance license is when you venture in to the world of unregistered securities, financing, venture capital and the like. It appears from my research that Peter Kuo has quite a few things to answer for. We will explain in more detail what unregistered securities are in future posts…

Farmers, being a captive company, has to have a similar policy as my former employer for their agents. I am wondering what, if anything Farmer’s knows about Peter Kuo and his multiple business ventures, including the Russians, Chinese, frequent world travel and other ventures he is involved in.

It is the opinion of this blogger that Peter Kuo, once exposed to scrutiny, presents a variety of problems for the CAGOP. There is a lot behind the violin-wielding Mr. Kuo…

(Photo credit Facebook: Peter Kuo)

Russians. Venture Capital. “Investments”. Chinese Aircraft. Aliases. Absentee business owner. This is Peter Kuo…

Venture Capital. How is Peter Kuo able to be a Business Consultant, Venture Capitalist and an Insurance Agent at the same time?

The website is linked here. It is really hard to find a whole lot of activity that is outside of their website, I also note the lack of testimonials or success stories on the website.

It appears that the venture capital company is being used as a front for the next enterprise.

Then, we roll in to jdxcoin.com. This is one of the unregistered securities Mr. Kuo is involved in. There is a video on the homepage that took me three times to watch before I could finish it.

From Peter Kuo’s Facebook Page

From the website:

Peter Kuo

Peter Kuo (COO) Peter is an advisor to Andra Capital, the CEO of DCLC International Group (a custom airplane manufacturer) and the Executive Director of the Venture Capital Roundtable, Silicon Valley. Peter is also an Insurance Veteran with Farmers Insurance for over 25 years, owning his own agency. Peter’s website is www.vcr-sv.com. LINKEDIN

Why We Exist

JDX Coin exists to monetize rare, White Jade Antiques that have been hidden from the world for over a century. JDX’s goal is to become the world standard, most secure, asset-backed stable token that will compete with Visa and one that people can trust for their savings as well as for their day-to-day transactions.  

If you are able to finish watching the video, they are basically trying to leverage a few artifacts from a long passed Chinese Dynasty in to an unregistered security. If Farmers knew about this, they would not be happy. They are soliciting investors in to their Jade-backed bitcoin to the tune of $100 million.

When you download the white paper on the website, it says that the coins will be sold/traded entirely outside the US yet here he is, raising money for it in Silicon Valley.

Frankly, watching this makes me nervous as heck. This video, if obtained by the media, could be a huge embarrassment to the California GOP due to the questionable nature of this type of business.. And, of course Peter Kuo has a lot of photos of him with Russians doing business in China with Kuo. (In case you are living under a rock, Russians are not very popular these days).

How would Peter Kuo run or participate in all these businesses – mostly offshore – and have any time at all for the California GOP?

When you add in the laundry list of business entities, the 20+ phone numbers he is associated with and the turnover of business entities he is associated with, there is a lot that does not add up. Next up, we explore the Chinese and Russians.

Peter Kuo at his “Aircraft Factory” (Source: Peter Kuo’s Facebook Page)

Peter at his “Aircraft Factory”…