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A financial adviser accused of defrauding more than 100 investors of about $30 million posted $150,000 bail in Toronto on Tuesday night.
Weizhen Tang, who describes himself on his website as the "Chinese Warren Buffett," is accused of orchestrating a Ponzi scheme between January 2006 and March 2009.
Tang told reporters it felt "great" to be out. "I have to be out to fight my case to go to trial," Wang said. "That's a must."
In January Tang's lawyer, Loftus Cuddy, told reporters his client was broke and would apply for legal aid.
Tang's online trading firm in Canada, Oversea Chinese Fund Limited Partnership, required investors to contribute at least $150,000 each.
The investors live across Canada, the United States and in China, police said. They have complained they have not been able to access the money they invested in Tang's company. One Toronto-area client has allegedly lost $2.4 million, according to police.
Tang has been charged with fraud over $5,000.
The Ontario Securities Commission has also forbidden Tang to trade and charged him in June with 12 fraud-related counts. A provincial court trial on those charges is set to begin April 19.
Tang is also wanted in the United States on a number of fraud-related charges.
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