Winston Chung

choi

E Scott Reckard and David Pierson, Great Wall of Chinese Bureaucracy Derails Southland Investor. Los Angeles Times, Jan 17, 2012
http://www.latimes.com/business/la-fi-winston-chung-20120117,0,1737265.story

Quote:

"the biggest failure being a bid to step into the social spotlight by purchasing the Balboa Bay Club and Resort * * * [with Winston Chung forfeiting] a nonrefundable $4-million down payment.

"The Bay Club deal is one of at least three stalled ventures. A seven-figure deposit Chung made in June on a Newport Harbor mansion once owned by actor Nicolas Cage is in jeopardy because he never came up with the money to complete the purchase.

"And a plan to increase manufacturing at a Riverside motor home company, with the four-year goal of selling $5 billion in tour buses and campers to newly wealthy Chinese consumers, has been on hold for a year while awaiting approval from Chinese regulators.

Note:
(a) roly-poly (adj; reduplication of roly, from roll): "being short and pudgy : ROTUND"
(b) dervish (n):
"1: a member of a Muslim religious order noted for devotional exercises (as bodily movements leading to a trance)
2: one that whirls or dances with or as if with the abandonment of a dervish"
www.m-w.com
(c) A year ago, Mr Chung was featured in Wall Street Journal and this newspaper.