Back in 2002 Tai Chi Pham who claimed to be a stock broker spoke with the BSTTW board of directors about
financing BSTTW's money in the stock market with Interactive Brokers. The BSTTW board of directors
had to make a hard decision since before Mr. Pham left by boat in 1980 with his family, Mr. Tai Chi Pham was studying to become a Catholic Priest. The BSTTW board of directors
felt that Mr. Pham would be a trustworthy individual. Then the BSTTW board of directors was informed that once in the United States Mr. Pham met and fell in love with
Elizabeth (Vy) Nguyen, who is one of many cousins to the late Catholic Bishop Peter Nguyen Van Nho from Nha Trang, Viet Nam. Mr. Pham married Ms. Nguyen and the two of them have had two children. Again this
became a hard decision for the BSTTW board of director due to the fact that the board believed that Mr. Pham must have strongly believed in God our Father and
was an honest and trustworthy individual or the Catholic community in Viet Nam would not have accepted him into the Priest program.
Michael Appleman and the other board of directors discussed the pros and cons of investing BSTTW's funds
with Mr. Pham. After a great deal of thought they decided that it would not be in BSTTW's best interested to not allow Tai Chi Pham
to have access to BSTTW's funds. They felt that since Bishop Peter Nguyen Van Nho had passed away in May 2003 it would be very difficult to get his overview of Mr. Pham.
During the next few years Mr. Pham asked BSTTW about financing their funds. The BSTTW
board of directors would not change their minds.
In 2009 BSTTW found out that the State of Illinois Secretary of State Security Department charged Tai Chi Pham with Prohibition.
On July 17, 2009 Mr. Pham was charged with a Temporary Order of Prohibition. There are two counts in the order. Count 1 is Fraud In The Sale of Securities and Count 2 is
Unregistered Dealers/Salesperson/Investment Adviser or Investment Adviser Representative. Mr. Pham was given thirty days to respond to the charges. Mr. Pham and a representative
for Mr. Pham never responded. Then on August 20, 2009 Tai Chi Pham was charged with the final Order of Prohibition. Counts 1 and 2 are exactly the same. Mr. Pham was given
thirty-five days to respond to the charges. Again Mr. Pham never responded. The Order of Prohibition was finalized by the State of Illinois and the charges are permanent.
The current BSTTW board of directors are relieved that BSTTW did
allow Mr. Tai Chi Pham to have contact with BSTTW's money while Mr. Pham was living in Glencoe, Illinois, Winnetka, Illinois, and Bellevue, Washington.
To see the Temporary charges against Mr. Tai Chi Pham go to:
If you feel that Mr. Tai Chi Pham might have illegally invested your money contact Mary A. Lopez at the Illinois Secretary of State
Securities Department in Chicago, Illinois. The contact phone number is 312-793-3023.