Chinese investor Jiang Yicheng violently sobbed before a B.C. Securities Commission panel explaining his catastrophic financial losses in a fraud allegedly perpetrated by prominent B.C. immigration businessman Paul Oei.
Jiang is one of nine Chinese investors scheduled to testify in a Securities Commission hearing for Oei, who is an influential figure among ultra-wealthy Chinese immigrants in Vancouver.
The B.C. Securities Commission has accused Oei of perpetrating a “fraudulent scheme” to invest in a proposed Metro Vancouver recycling plant.
Read more at Vancouver Sun
