Crystal Currency Exchange Inc. is suing a former employee and her mother for alleged fraud of over $4.4 million over several years. The unauthorized transactions began to be noticed in January 2022, leading to the civil suit being filed in March 2022.
A Burnaby currency exchange is suing a former employee for allegedly defrauding the company of more than $4.4 million over several years.
Wang, who initiated and completed the transaction, told the company it had been a "mistake" and that she had also accidentally deleted all the records and emails associated with it, according to the claim.An internal investigation then revealed hundreds of unauthorized transactions over many years, all completed on days Wang was working and signed off on the ledger, according to court documents.
She says she agreed to repay the money herself right away and recover it later from the Chinese client, but Crystal Currency refused to give her access to its previous client information. Burnaby properties Crystal Currency has successfully applied to have assets belonging to Wang and her mother frozen, including a $1.6-million house at Burns Place in Burnaby.
CURRENCY EXCHANGE FRAUD LEGAL ACTION FOREIGN CURRENCY FINANCIAL SERVICES
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