ETHICS OF CHASING THE ALMIGHTY DOLLAR

  A pair of financial institutions, named in a B.C. civil forfeiture suit that alleges a Richmond man laundered money in real estate, would not answer questions about how a man with a lengthy criminal record and no “legitimate” income could obtain mortgages and a home equity line of credit.
   In a civil claim filed on Jan. 4, Stephen Hai Peng Chen, also known as Hoy Pang Chan, is accused of using money obtained from drug trafficking to pay for properties in Vancouver and Richmond.
  The B.C. civil forfeiture office lawsuit lists two transactions that involved TD bank mortgages and and a separate National Bank home equity line of credit, known as a HELOC, used to purchase a Vancouver property.