Paper Trail Shows Millions Laundered

From Economic Observer Online:

Only eight years after mysterious, lightning-quick transactions shuttled millions of yuan through his trading accounts did Yu Yinzeng realize that he might have been part of a scheme.

Instead of focusing on stock investments as he used to be, Hangzhou-based investor Yu had been for the last three years pre-occupied with a dispute between him and the sales department of Hangzhou Qingchunfang under the Caitong .

Yu suspected the latter might have used his account for money laundering.

Looking back through his old account records, Yin noticed two sets of massive, rapidly-executed deposits and withdrawals.

“Had I not reviewed the old records, I would never know such transactions ever existed,” Yu said.

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