Chinese Fetanyl Kingpins Laundered Over $5BN Through Vancouver Homes Since 2012

The report examined over 1,200 luxury real estate purchases in British Columbia's Lower Mainland during that year, and concluded that over 10% were tied to buyers with criminal records. Crucially 95% of those transactions could be definitively traced by police intelligence back to Chinese crime networks.

While the study only looked at property purchases in 2016, an analysis by Global News suggests the same extended crime network may have laundered about $5-billion in Vancouver-area homes since 2012. — Fentanyl: Making a Killing

Since 2016 we've chronicled the "dark side" behind the Vancouver real estate bubble, which it turns out has long been a bubbling melange of criminal Chinese oligarch "hot money", desperate to get parked offshore in any piece of real estate, but mostly in British Columbia regardless of price

More