Kuang Wan Fang and Yu Ying Yi
Former Bank of China Managers and Their Wives Sentenced for Stealing More Than $485 Million USD and Laundering Money through Las Vegas Casinos
Two former managers of the Bank of China and their wives were sentenced on August 29, 2008, by a Federal jury in Las Vegas on charges of racketeering, money laundering, international transportation of stolen property, as well as passport and visa fraud.
U.S. District Judge Philip M. Pro sentenced Xu Chaofan aka Hui Yat Fai to 300 months in prison, Xu Guojun aka Hui Kit Shun to 264 months in prison, Kuang Wan Fang aka Wendy Kuang to 120 months in prison, and Yu Ying Yi to 120 months in prison. All four defendants were additionally sentenced to three years of supervised release and ordered to pay $485 million USD in restitution. Denaturalization proceedings against Kuang Wan Fang and Yu Ying Yi were completed by the government, taking away their Green Cards.
Evidence presented during the trial established the elaborate scheme to defraud the Bank of China of at least $485 million USD, orchestrated by former managers Xu Chaofan, Xu Guojun and a third former bank manager, Yu Zhendong aka Yu Wing Chung, who pleaded guilty in connection with this investigation and cooperated with the United States.
Assisted by their wives, relatives and others, the former bank managers then laundered the stolen proceeds through Canada and the United States. Evidence presented at trial included a significant number of transactions with the stolen money through Las Vegas casinos, including bets at the casinos that ranged from $20,000 up to $80,000 USD.
The two former bank managers were also convicted on three counts each of visa fraud – specifically, the possession and use of a fraudulently procured non-immigrant U.S. visa to enter and/or remain in the United States. The two bank managers’ true wives were convicted of three counts each of passport fraud – specifically, the use of a U.S. passport secured through a false statement to enter or facilitate their stay in the United States. (1)
Amicus takes their Case
In May 2009, Amicus was contacted by the defendants and asked what could be done for them.
We carefully analyzed their case and identified several serious issues that had to be addressed:
1. China has no Prisoner treaty transfer in effect with the U.S. (2)
2. They are Chinese nationals, which means upon completion of their U.S. Federal sentence they will be deported back to China where they will be executed. (3)
3. The U.S. District Judge Philip M. Pro ordered that they be immediately deported back to China upon completion of their sentence, assuring their executions.
4. The U.S. will not deport them to a “third” country that might offer them sanctuary upon their release.
Amicus Assessed their Situation
The goal was to get them to a country where they would be safe:
1. First we had to find a way and country that would accept them as citizens despite the fact that they have criminal records and are incarcerated in the U.S.
2. Among the many pre-requisites countries are Residency, Criminal History and Medical -- each of these usually requires the applicant to submit various documents stating their eligibility.
3. The country has to have a Prisoner treaty transfer agreement in effect with the U.S. and be willing to accept a person on a treaty transfer.
4. All of the clients are incarcerated and limited in what assistance they could provide us with.
Amicus Provides the Solution
By combining what we do best -- Second Citizenships and Treaty Transfers -- we came up with the best solution to their problem.
We acquired Spanish citizenship for Kuang Wan Fang and Yiu Ying Yi and then arranged for their treaty transfer.
On September 9, 2011, Yu Ying Yi BOP Register Number 19056-031 was successfully treaty transferred to Spain. (4)
On September 23, 2011, Kuang Wan Fang BOP Register Number 15794-064 was successfully treaty transferred to Spain. (4)
Yu Ying Yi
Kuang Wan Fang