Paul King Jin is now the target of B.C.’s civil forfeiture office, which is suing for $4.86 million in cash and assets
B.C.’s civil forfeiture office is suing to seize more than $5.3 million in cash and assets from a Richmond man who was a key target of an RCMP investigation into the biggest money laundering case in B.C. history.
The civil forfeiture office is seeking $4.86 million in cash and assets including a mortgaged Richmond condo on Jones Road valued at $764,000; a 2011 Porsche 911 the office says is owned in someone else’s name but beneficially belonging to Jin; $45,000 in chips from the River Rock and Edgewater casinos; and various other items including computers, cellphones, gambling equipment and jewelry.
Jin, already named as a key suspect and central to the RCMP’s E-Pirate money laundering probe in according to a Postmedia investigation published in 2017, was arrested on Feb. 24, 2016 for possession of proceeds of crime, money laundering, and running illegal gambling operations, but was not charged. Seven others were arrested as part of E-Pirate but also not charged, according to a Postmedia investigation published last month.
The bulk of the money the civil suit seeks, $4.3 million, was seized in Canadian $20 and $100 bills wrapped in rubber bands inside a gun safe in the master bedroom of an apartment on Brighouse Way in Richmond near the north arm of the Fraser River.According to the civil action, various individuals, including Jin and Wei, went to Silver International with suitcases, boxes and bags containing large sums of currency derived from crime.
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