Richmond gym owner Paul Zinn has still not been charged with a criminal offense despite years of police investigations and has been charged with 10 A civil forfeiture lawsuit is ongoing over $100,000 worth of Metro real estate. A million
has been accused of being one of biggest money launderer in the world.
But despite years of police investigations amid growing allegations against Richmond gym owner, he has yet to be charged with a criminal offence. .
Now the B.C. government has filed his fourth civil forfeiture lawsuit against Jin in three years over his Vancouver and West Vancouver estates worth about $10 million.
The Director of the Civil Forfeiture Bureau has stated that the "beneficiaries or It claims that the true owner is Jin.
In a bill filed last month, the superintendent said the property was purchased by laundering criminal proceeds.
"Jin was involved in his massive money laundering activities, involving licensed casinos, illegal gaming companies, and unlicensed financial institutions since around 2012." says. "Jin is laundering the proceeds of illegal activities using property in British Columbia registered or controlled in the names of others, including Y. Jia."
Zinn allegedly laundered tens of millions of criminal proceeds through underground bank Silver International. It has been. She was the subject of the RCMP's ill-fated E-Pirate money laundering investigation. The only indictment filed in the case against Jin's associates, Jian Jun Zhu and Kaixuan Ching,, was stayed in late 2018.
Jinn was nationalized by Allied Special Forces in May 2017. The B.C. Public Prosecutor's Office has yet to decide whether to file charges in the case.
"At this time, there is nothing to publicly report regarding the E-Nationalize investigation," BCPS spokesman Dan McLaughlin said Thursday.
The B.C. Government now has 12 apartments at 3506 West 4th Avenue, an adjacent unit at 3504 West 4th, and 2420 Haywood Ave, West Vancouver. wishes to confiscate the property of B. C. According to his 2022 total value of the property. Valuation is $9,468,900.
Jin's niece Jia is YSHJ Investment Holding Ltd. and she is JYSH Investment Ltd. is the sole director of
Her two companies "acted on behalf of P. Jin as owners of nomination or convenience," the lawsuit states.
YSHJ purchased a West 4th Avenue property on November 15, 2017. On the same day, a company called Everwell Knight registered mortgages and rent allotments for all units.
The directors claim that Jin is "the true owner and commanding heart of Everwell."
Months later, on April 26, 2018, his second company, his niece's JYSH, purchased a property in West Vancouver. On the same day, "Everwell took a mortgage on Heywood's property," the lawsuit states.
, was used by the defendants to launder criminal proceeds and avoid their obligations under the Criminal Proceeds (Money Laundering) and Terrorist Financing Act.”
It lays out the same allegations as three previous civil forfeiture lawsuits that filed affidavits denying the allegations. These lawsuits cover other property and cash seized from Jin's home and his car.
British Despite being banned from the state of Columbia, Jin and "his associates have made 140 casino transactions totaling $23,501,456 between 2012 and 2015." was involved in."
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Money laundering suspect Jian Jun Zhu is BC's largest money Suspected of being a key figure in laundering investigations, he is said to have laundered as much as $200 million a year. Article Authors: Kim Bolan, Gordon Hoekstra Published: Sep 20, 2020 • Sep 20, 2020 • 4 min read • 43 comments
