I found it a little surprising that Richmond resident Vincent Ramos was so easily able to set up a number of companies and register them with the B.C. government in Victoria. Then he opened 30 different bank accounts, about half of them using his corporations so he could move as much as $80 million U.S.:
A Richmond man who pleaded guilty in the U.S. to aiding the Sinaloa cartel and other international organized crime groups hid his illicit cash in bank accounts of shell companies he registered with the B.C. government.
Vincent Ramos had at least 10 other companies set up on top of Phantom Secure, the B.C.-registered entity he used to sell encrypted devices to criminal organizations around the world for a decade.
The U.S. government says he laundered $80 million earned enabling high-level criminals to hide drug deals and murder plots through Blackberries he promised could be instantly wiped clean to evade police.
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