Organized Crime boss control empire from prison

The perpetrator was Carson Yeung, Hong Kong hairdresser turned businessman who made his fortune trading in penny stocks/shares, eventually becoming the president of English football club Birmingham city football club in 2009.

After years of high living the charges brought against him included money laundering totaling a value of USD92.8 million from entities including casinos and suspected criminals. It was ruled that between 2001 and 2007 much of the money which went through Five of Yeung’s bank accounts came from illicit sources in Macau. In his defense, Yeung claimed that the funds were Casino winnings. He was unable to convince anyone, let alone the judge. Yeung was sentenced to six years imprisonment.

“He did not care where the money came from, and he did not bother to ask,” said Judge Douglas Yau, adding that Mr. Yeung had lied throughout his testimony. “He was just making it up as he went along.”

In 2018, jailed Hong Kong businessman Carson Yeung Ka-sing denied in court that he had controlled Birmingham City Football Club while he was behind bars for money laundering.

The hairdresser turned businessman was testifying against a former accountant of Birmingham International Holdings – of which Yeung was chairman until 2014 – now on trial for theft. Jerry Ko Ka-wai, 35, has denied stealing US$4.8 million from the company between September 26, 2013 and December 16, 2014. Sounds like a criminal stealing from the Senior criminal.

Published by Kemman

Financial Crime Compliance (FCC) professional. Passionate about AML/CTF, Sanctions, ABC, KYC, CDD. Member of the World Advisory Council Association of Certified Fraud Examiners-ACFE. Member of the African Task Force Committee - ACAMS. Presenter at International Conferences-ACAMS&ACFE. Certified Fraud Examiner-CFE. ACFE & ACAMS. Certified Anti-Money Laundering Specialist-CAMS. Certified Anti-Bribery and Corruption-ABC. Founder member of Institute of Directors (IoD) Zambia Chapter. Founder - Managerial Accountability & Transparency. Two-term of two years Chairperson of the Bankers Association of Zambia Fraud Prevention and Security Committee. SADC and COMESA Consultant on Crime & Corruption Prevention & management Strategies. Former Area Head for Southern & East Africa. Professionally trained “trainer of trainers” & core facilitator. Proficient with proven track record of exceptional abilities in management and leadership for performance. Corporate Governance, capacity building, Institutional & Organizational development, business process re-engineering. Technical expertise is coupled with excellent interpersonal, team building, communication and presentation skills.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: