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World News

Vancouver Man Who Promised Riches to Investors Committed Fraud, Panel Says

FILE -- Paul Se Hui Oei and his wife Loretta Lai at a Lamborghini dealership in Vancouver, Canada, March 19, 2016. In a case that highlights Canada’s struggle to quash financial crime, a British Columbia Securities Commission panel announced Dec. 13, 2017, that Oei, a prominent immigration consultant and philanthropist, ran an elaborate fraud scheme, pocketing nearly $6 million from investors, including many Chinese citizens led to believe their investment would help them secure permanent Canadian residency. (Ruth Fremson/The New York Times)