The law firm of Richmond Liberal MP Joe Peschisolido facilitated a secretive financial transaction that might have helped an alleged Chinese cartel “drug boss” launder his unexplained wealth through a Metro Vancouver condo development, a Global News investigation reveals.
The deal was completed while Tam was still serving a conditional sentence for a 2010 drug trafficking conviction, court records show. The bare trust allowed Tam to conceal his ownership stake in a $7.75-million purchase of a 3.7 acre property in Coquitlam, B.C. that sold for $14.8 million in 2015.
As Global News has reported, Tam’s alleged leadership role with the Big Circle Boys and his alleged deep ties to B.C.’s casino and real estate industries could make him a poster child for the province’s public inquiry into the so-called “Vancouver Model” of transnational money laundering.
But the legal services completed by Peschisolido’s former practice — which the B.C. Law Society took custody of in April 2019 for unexplained reasons — could also attract the inquiry’s spotlight.
No comments:
Post a Comment