Tuesday, July 9, 2019

BODY OF CANADIAN MONEY LAUNDERER FOUND IN COLOMBIA

The late Richard Yen Fat Chu
If you thought that money laundering is a safe white-collar crime, think again; remember who their clients are. Case in point: Richard Yen Fat Chiu, of Vancouver, under active criminal investigation in Canada for organized money laundering, a "fruit and vegetable importer," was found dead in CĂșcuta, near the border wit Venezuela. His body had been stabbed and burned.

Chu, who had a 2002 conviction in the US for Heroin distribution conspiracy, had CAD$317,000 in cash seized from his leased Audi in Vancouver. His wife Kimberly is reportedly a courier for Asian organized crime. He was reportedly under active RCMP surveillance in the E-Pirate case, which was Canada's largest money laundering investigation.

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