A fraudster in Canada relieved three people of more than CAD 3 million (around 2 million euros) and spent it on gambling and legal fees, among other things. As the British Columbia Securities Commission BCSC [Seite auf Englisch] reported on Wednesday that the Chinese Meiyun Z. had pretended to invest the money in a company to help Chinese students and tourists enter Canada.
Casino visits and legal fees
Between 2014 and 2016, Meiyun Z. convinced the three victims from Vancouver and Richmond to invest their money in their supposed company.
The company was supposed to help Chinese students and tourists with visa procurement and currency exchange. The money invested should bring a return of 6 to 10% without risk.
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In fact, Meiyun Z. used the money for a variety of other purposes. In addition to spending on casino visits, various purchases and bills, the woman paid back loans and paid an immigration lawyer to take action against her impending deportation from Canada.
The allegations against the accused have not yet been proven, according to the BCSC. A hearing on the case is planned for December.
Two more charges of fraud
In addition to the current fraud allegations, the woman has already been charged with fraud in the British Columbia Supreme Court in two other cases.
In it, Meiyun Z. was accused of having brought a businesswoman from Vancouver in the context of a loan fraud in 2017 for 60,000 CAD. In 2016 and 2017, she also cheated a pensioner from Richmond and other people out of investment funds for an alleged foreign exchange company:
The entrepreneurial project did not exist and (…) the defendant knew that the company did not exist.
These two cases are still to be heard. Meiyun Zhang has not yet issued an official statement.
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