Friday, August 14, 2020

Money launderer Paul King Jin and wife Xiaoqui Wei

A notice of civil claim filed by B.C.'s Director of Civil Forfeiture names Paul King Jin as the manager of World Champion Club, a mixed martial arts and fitness centre that operates out of a warehouse at 12851 No. 5 Road. The property was assessed last year at $7.7m. Jin’s wife, Xiaoqi Wei, is the corporate secretary of Warrior Fighting Dream, while Jin’s son, Jesse Xin Jia, is a director. 1219598 BC Ltd. holds a mortgage against the property. It was registered Aug. 15, 2019 – one day after the company was incorporated.
Documents allege that Jin has been involved in large scale money laundering for years – claims that have been made against him in other cases. “Mr. Jin has been engaged in large-scale money laundering activities involving licensed casinos, illegal gaming houses and an unlicensed financial institution since in or about 2012.”
Jin was banned from casinos for five years, beginning in 2012, due to loan-sharking.
“Between June 27, 2012 and June 24, 2015, there were 140 casino transactions totalling $23,501,456 ... involving Mr. Jin and associates.” Jin was a target of E-Pirate, which began in 2015. He wasn't charged. Charges against the operators of an illegal bank called Silver International were also stayed. Jin was also the subject of a CFSEU probe into illegal gambling houses, dubbed E-Nationalize. Cops say Jin's crimes include possession of the proceeds of crime, conspiracy, money laundering, keeping a common gaming house, extortion and failure to declare taxable income.