Vancouver Casino Money Laundering Kingpin Slaying Now Has Second Man Charged

Vancouver police have got supercharged a second surmise in connectedness with the 2020 shooting expiry of alleged money laundering kingpin Jian Jun Zhu, Business in Vancouver reports.

Yuexi Lei, also known as Alex Lei, 37, appeared inward Richmond Provincial Margaret Court Thursday. He is charged with two counts of auxiliary after the fact and one reckon of appurtenance after the fact to murder. Police arrested him Mar 10, according to homage filings.

Authorities trust Jian was the center of attention of an functioning that washed hundreds of millions of dollars inward do drugs money through and through British people Columbia casinos.

He was gunned downwards as he ate at a Japanese restaurant inwards Richmond, British people capital of South Carolina on Sept 18, 2020, and died the next daytime inward the hospital. His associate, Alice Paul King Jin, also a suspected money launderer, was injured in the shooting, but survived.

Murder Charge

In November 2021, police supercharged 23-year-old Richard Charles II Reed with first-degree hit inward telling to the shooting. He is accused of firing the slug that killed Jiang.

Reed has also been charged with provoked assault, possessing a firearm with neutered in series(p) number, possessing a loaded, prohibited or restricted firearm, wrongful electric discharge of a firearm, and discharging a piece with intent to wound/disfigure.

Lei is scheduled to seem inwards court of law on May 4 on unrelated stolen dimension and firearms offenses.

Jian, with his wife Caixuan Qin, owned Silver International, a currency change unwaveringly inwards Richmond. Investigators trust it was an underground cant with golf links to the international do drugs trade.

The military operation may feature laundered up to $250 billion a twelvemonth through and through British people Columbia’s cassino sector. It was a primary lesson of what came to live known to the international intelligence operation community of interests as the “Vancouver model” of money laundering.

Vancouver Model

Typically, this involves resistance banks receiving immediate payment from drug cartels and other outlaw outfits, who are paid an combining weight sum via cant transfer. Meanwhile, Chinese citizens who require to circumvent strict controls on moving money come out Red China do payments into Chinese bank building accounts controlled past the resistance bank.

When they get inwards Vancouver, the Chinese citizens are paid inwards marked-up cash, which is recognized past local casinos and converted into chips, which tin can later be cashed come out in check-out procedure form.

Jian and Ch'in dynasty were prosecuted in 2018 inward what was billed as Canada’s biggest money laundering case. But it rapidly cut down asunder when prosecutors inadvertently released the nominate of a key authorities source to the denial during a procedure evidence disclosure.

The try dictated that to proceed with the trial run would pose the attestor “at danger of death.”