Sunday, January 6, 2019

B.C. operation laundered massive amounts of cash

Caixuan Qin and Jian Ju Zhu laundered more than $80-million through their Richmond business Silver International over the span of 4½ months in 2015. Cops selected one day of records (Sept. 30, 2015) and found that on that day, nearly $2.7m was brought into the nondescript office while $1.65m was taken away.
The couple had sought the return of the money and personal items seized when the criminal case collapsed. They applied unsuccessfully to have it returned immediately. A civil-forfeiture case aimed at permanently confiscating more than $4-million of their cash and property was launched.

One of the company’s customers as Nelson Wong, an alias of Maxim Poon Wong. Wong is known as an associate of the Triads and the Yellow Triangle Boys gang and also a business partner of Michael Whieldon, a high-level importer of cocaine.
The civil-forfeiture agency is targeting a $2.5-million Vancouver home as well as $2-million in cash seized at Silver International’s office and some items seized at Style Travel, another Richmond business owned by the pair.