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China Moves Crime Money to Fuel Fentanyl Crisis in the West, Investigative Reporter Says

Printer Ink bottles containing carfentanil imported from China. Carfentanil is so lethal that an amount smaller than a poppy seed can kill a person. CREDIT: Royal Canadian Mounted Police
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Frank Fang, Joshua Philipp I New Tang Dynasty

Beijing is fueling the fentanyl crisis in Canada and the United States through a sophisticated web involving drug cartels, loan sharks, and foreign casinos, said investigative journalist and author Sam Cooper.

How Chinese money was funneled through such a web was described by Cooper as the “Vancouver model” in his book “Wilful Blindness: How a Network of Narcos, Tycoons and Chinese Communist Party (CCP) Agents Infiltrated the West,” based on his investigations into crime networks in cities including Toronto and Vancouver.

Now, in a recent interview with EpochTV’s “Crossroads” program, Cooper said Chinese organized crimes “have become the major movers of financial crime money around the world,” as the model can be found in major U.S. cities.

“We can say that in cities like Los Angeles, Las Vegas, New York City, San Francisco, Boston, Seattle, and others, I can see the very same underground banking, Vancouver model activity,” Cooper said, where drug money was moved around on secret ledgers without the need for wire transfers across borders.

This model has surfaced because of China’s capital control, Cooper explained, as each citizen in communist China has a foreign exchange quota of $50,000 a year. As a result, in order to move large sums overseas, for activities such as buying a condo in foreign cities, wealthy Chinese would, for example, need to seek out underground banking channels.

Cooper explained how the Vancouver model works: Gang members from Vancouver travel to casinos in Macau, targeting wealthy Chinese gamblers including Chinese officials who wish to get their money out of China. The two sides strike a deal and Chinese gamblers travel to Vancouver to gamble, using cash supplied by local loan sharks who get the money from drug dealers.

Chinese gamblers use the money to buy casino chips, play them, cash them, and walk out with cleaned or laundered money. Then they transfer money from their bank accounts in China to the gangsters’ accounts in China to pay back the debt.

“The proceeds, of course, fund more fentanyl precursor production [in China] … which sends more drugs into the United States or Canada, [and] produces more drug cash, and the cycle repeats,” Cooper said, adding that the gangsters would loan out the cash again to fund the gambling of more wealthy Chinese in Canada.

Cooper’s book illustrates cases where state actors from the communist regime directed drug trafficking organizations in Vancouver and intervened in gang conflicts in the city.

Fentanyl is a synthetic opioid that is 100 times more potent than morphine and 50 times more powerful than heroin.

More than 100,000 people in the United States died of drug overdoses from April 2020 to April 2021, a record amount during a 12-month period, according to the U.S. Centers for Disease Control and Prevention. Fentanyl was involved in nearly two-thirds of those deaths.

U.S. officials have been trying to stop the influx of fentanyl into the country.

Earlier this month, U.S. Customs and Border Protection reported that it seized 87,652 pounds of narcotics in south Texas ports between Oct. 1, 2020 and Sept. 30, 2021. Among the seized drugs, 588 pounds was fentanyl, up 1,066 percent from the year prior.

In April 2021, a Chinese national was sentenced to 14 years for laundering tens of millions of dollars of drug money for Latin American cartels. Less than six months later, another Chinese national was given a seven-year sentence over running a money-laundering network spanning several countries.

From The Epoch Times

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