A massive RCMP investigation of alleged underground bankers in Richmond, B.C., estimated to be laundering over $1 billion per year collapsed in November because federal prosecutors mistakenly exposed the identity of a police informant who they feared could have been killed if the case proceeded, Global News has learned.
The so-called E-Pirate investigation started in 2015 and targeted Richmond-based Silver International, an alleged illegal money services business. The investigation culminated in a series of undercover raids in October 2015. RCMP said they seized millions in cash, as well as B.C. Lottery Corp. casino chips, from Silver’s office in a Richmond business complex, plus computers, cellphones and digital evidence containing tens of thousands of documents from Silver’s office and other locations.
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