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 money laundering 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 Securities.
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.