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Technology Province seeks forfeiture of Victoria house allegedly connected to major stock fraud

09:08  06 january  2020
09:08  06 january  2020 Source:   vancouversun.com

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  B.C. man identified in connection with RCMP probe into CRA phone scam A Burnaby, B.C., man has been identified as a suspect in an RCMP investigation into organized crime groups accused of scamming Canadians by posing as Canada Revenue Agency officers, demanding payment through cash and gift cards. According to B.C. Supreme Court documents, officers searched the home of Haoran Xue last July after a probe linked him to retail mailboxes set up around the Greater Vancouver Area.Details of the investigation are laid out in a lawsuit filed in mid-November by the director of B.C.'s Civil Forfeiture Office, who now wants to seize the 26-year-old's home as the proceeds of crime.

The province is seeking to have forfeited a Victoria house allegedly used to launder money linked to a 5-million international stock fraud . In a B.C. Supreme Court action filed on Dec. 31, the B.C. Civil Forfeiture Office alleges the house at 1819 Hillcrest Ave. in Victoria is the proceeds of unlawful

The province is seeking to have forfeited a Victoria house allegedly used to launder money linked to a 5 million international stock fraud . 31, the B.C. Civil Forfeiture Office alleges the house at 1819 Hillcrest Avenue in Victoria is the proceeds of unlawful activity and was used to launder money.

a woman looking at a bird in a cage: In a B.C. Supreme Court action filed on Dec. 31, the B.C. Civil Forfeiture Office alleges the house at 1819 Hillcrest Avenue in Victoria is the proceeds of unlawful activity and was used to launder money.© Jason Payne In a B.C. Supreme Court action filed on Dec. 31, the B.C. Civil Forfeiture Office alleges the house at 1819 Hillcrest Avenue in Victoria is the proceeds of unlawful activity and was used to launder money.

The province is seeking to have forfeited a Victoria house allegedly used to launder money linked to a $325-million international stock fraud.

In a B.C. Supreme Court action filed on Dec. 31, the B.C. Civil Forfeiture Office alleges the house at 1819 Hillcrest Ave. in Victoria is the proceeds of unlawful activity and was used to launder money.

Included in the civil forfeiture office’s accusations are violations of the U.S. Securities Act and the U.S. Exchange Act, violations of the B.C. Securities Act, fraud and failure to declare taxable income.

Burnaby house sought in civil forfeiture allegedly linked to Canada Revenue Agency scam

  Burnaby house sought in civil forfeiture allegedly linked to Canada Revenue Agency scam The province is suing to have a $1.9-million Burnaby house forfeited, alleging the property is linked to a Canada Revenue Agency fraud scheme. In a lawsuit filed in B.C. Supreme Court on Nov. 12, the B.C. Civil Forfeiture Office accuses Haoran Xue, also known as Charlie Xue, of being involved in a scheme to defraud unnamed people of money where fraudsters pose as Canada Revenue Agency employees, RCMP officers, software-company employees or bank investigators. According to the civil-forfeiture offices’s claim, unsuspecting individuals were contacted and told to send money in cash or gift cards to retail mailboxes in B.C. and Ontario.

The province is seeking to have forfeited a Victoria house allegedly used to launder money linked to a 5-million international stock fraud . Read …

Civil forfeiture suit alleges funds from money laundering scheme were moved through shell companies and virtual banks to purchase family home in …

Named in the suit are Paula Adriane Psyllakis; her spouse Brian Alexander De Wit; Paula’s sister Penelope Elizabeth Psyllakis, also known as Poppy Psyllakis; and Amalthea Properties Ltd.

None of the parties have responded to the civil forfeiture claim that includes allegations not proven in court.

Paula Psyllakis and Brian De Wit are accused of being involved in a money-laundering conspiracy led by Greg Mulholland, a joint Canadian-U.S. citizen, and U.S. citizen Robert Bandfield. The pair pleaded guilty in 2017 and were sentenced to 12 years and six years in U.S. jail respectively for setting up an elaborate structure of shell companies and brokerage firms in Belize and the West Indies that enabled clients to manipulate the stocks of dozens of publicly traded U.S. companies. The so-called pump-and-dump scheme netted US$250 million.

Province suing to seize $1.83-million Langley property

  Province suing to seize $1.83-million Langley property The province is suing to have a $1.83-million Langley property forfeited, alleging it has been used to produce drugs and launder money. In a B.C. Civil Forfeiture Office suit filed in B.C. Supreme Court on Oct. 29, named are a numbered company that owns the property, 0671262 B.C. Ltd., and Milan Pocuca, the company’s sole director and “controlling mind.” In a B.C. Civil Forfeiture Office suit filed in B.C. Supreme Court on Oct. 29, named are a numbered company that owns the property, 0671262 B.C. Ltd., and Milan Pocuca, the company’s sole director and “controlling mind.

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The B.C. government is suing to seize properties in the B.C. Interior that it alleges were linked to a 0-million-plus international stock fraud . In a lawsuit filed in B.C. Supreme Court this month, the B.C. Civil Forfeiture Office alleges a .6-million house on Mission Ridge Road in Kelowna and a 4

Paula Psyllakis and Brian De Wit were indicted in the U.S. for money laundering related to the scheme in 2015.

In the indictment filed in the U.S. District Court, Eastern District of New York, De Wit was named as president and prime broker of a company accused of being involved in the money-laundering scheme. He worked at the company’s offices in Belize and Panama.

Psyllakis managed the back office of the same company, also working at offices in Belize and Panama, according to the indictment.

According to the B.C. civil forfeiture suit, criminal charges in the U.S. remain open against De Wit and Psyllakis as a result of their roles in the scheme.

“As part of the fraudulent scheme, Mr. De Wit and Ms. Paula Psyllakis defrauded shareholders by fraudulently concealing beneficial ownership interests and engineering artificial price movements and trading volume in publicly traded companies,” states the civil forfeiture office’s claim filed in court.

B.C. seeks to seize Salt Spring property allegedly linked to international stock fraud

  B.C. seeks to seize Salt Spring property allegedly linked to international stock fraud The province has filed a lawsuit seeking to seize another property allegedly linked to a $200-million-plus international stock fraud. The $2.4-million property on Salt Spring Island, north of Victoria off the east coast of Vancouver Island, is added to two properties the B.C. Civil Forfeiture Office is already pursuing in the Kelowna area. The forfeiture lawsuit filed in B.C. Supreme Court on Dec. 11 alleges the Salt Spring Island property at 391 Baker Rd. is the proceeds of crime and was used to launder money. Named in the civil suit are Geordie Lee, also known as Skye Lee; Alicia Lee; and Vincent Manalastas, the sole director of Beresford Estates Inc.

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The civil forfeiture office filing alleges that De Wit and Psyllakis moved nearly $900,000 from the money-laundering scheme through shell companies to purchase the Victoria house from Pysllakis’s mother in 2017. The house was purchased by Amalthea Properties, whose sole director was Poppy Psyllakis, Paula’s sister.

The civil forfeiture suit alleges that Paula Psyllakis and Brian De Wit are the true owners of the house.

The civil forfeiture office claims that Psyllakis and De Wit used a virtual bank in the U.S. to wire transfer the money used to purchase the Victoria house.

That bank, WB21, is allegedly involved in another major stock fraud of more than $200 million. In a separate claim, the civil forfeiture office says money from that pump-and-dump scheme was laundered in properties in Kelowna.

It also seeks to have those properties forfeited: a $1.6-million Kelowna home and a $524,000 condo at nearby Big White ski resort.

The defendants in that case have denied any wrongdoing and called the civil forfeiture office’s suit “cavalier and abusive.”

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N.S. declined to seize insurance money granted to mentally ill man who killed wife .
Nova Scotia’s Justice Department twice told the province’s Supreme Court it would not apply to seize life insurance money granted to a Cape Breton man found not criminally responsible for killing his wife. The detail is noted by Justice Frank Edwards in followup comments to his ruling last week that Richard Maidment is entitled to his wife's life insurance, which totals $200,000 plus interest.Maidment, 42, who also uses the surname McNeil, killed Sarabeth Forbes on April 18, 2017, in the home they shared in Gardiner Mines, N.S. He was found not criminally responsible in December 2017.

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