Two people arrested in Metro Vancouver loan-sharking investigation
Two people have been arrested following an investigation into loan-sharking and money-laundering by B.C.’s anti-gang squad.
An investigation into the pair started in August 2019 in relation to criminal interest rates and the operation of a money service business, said the Combined Forces Special Enforcement Unit (CFSEU) of B.C. in a statement Wednesday.
Investigators say the two people have allegedly laundered over $828,000.
On Nov. 5, officers from the CFSEU’s Joint Illegal Gaming Investigation Team searched properties in Richmond and Burnaby and three vehicles.