"The filings trace the money through seven numbered companies, a Calgary bullion dealer and personal accounts at all five of Canada's largest banks, held by more than 20 people with Chinese names, and to a string of addresses across the Toronto suburbs of Markham, Scarborough, Richmond Hill and North York.
The structure they describe closely matches the Chinese professional money laundering methods that Canada’s financial intelligence agency described in a 2023 alert on underground banking networks tied to China and Hong Kong, and it points toward global money movements far larger than one fraud.
Westshore alleges that fraudsters impersonating employees of its contractor, Kingston Construction Ltd., diverted $6,218,200 into a TD Bank account in Markham held by 17549041 Canada Inc., a federal numbered company incorporated in December 2025."
Exclusive : A Markham Mailbox and a Spoofed Construction Firm: How a B.C. Coal Terminal Traced an Alleged $6.2 Million Fraud Into an Apparent Chinese Money Laundering Network Spanning Canada's Biggest Banks
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