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February 12, 2019 | W5 Investigates ‘Massive’ Money Laundering in Canada

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Illegal money flows in Canada have inflated property prices and profits for insiders in gambling, luxury retail, the realty sector and lenders, while costing Canadians greatly in terms of unaffordable home prices, related household debt, increased crime and lost tax revenues.

Court cases have collapsed, news conferences cancelled, and political leaders stonewalled in multiple attempts to inform the public of the magnitude of British Columbia’s problem with illegal gambling.  Not that things haven’t been going on away from the public eye. For at least six years, someone who witnessed criminal behavior has been quietly co-operating with the RCMP and helping reporters ask the right questions.

In this week’s W5 investigation, he reveals his identity in public for the first time, hoping it will help all Canadians appreciate the scope of our country’s problem with organized crime and money laundering.  It’s a massive problem in Vancouver, but the city isn’t alone.  Here is a direct video link.

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February 12th, 2019

Posted In: Juggling Dynamite

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