Wednesday, June 4, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World New Zealand

Criminal proceeds recovery: Innocent investors have cash locked in money-launderer Cathay Hua’s assets

12 April 2025
in New Zealand
0 0
Criminal proceeds recovery: Innocent investors have cash locked in money-launderer Cathay Hua’s assets
Share on FacebookShare on Twitter



Ye “Cathay” Hua laundered at least $18 million for Xavier Valent’s drug syndicate and is currently serving a seven-and-a-half-year prison sentence. An investor, Min Hu, who unknowingly invested over $61,000 in Hua’s company, is engaged in a complicated court battle to recover her money, which is crucial for her house deposit. This amount, part of which was a wedding gift from her parents, is small compared to the hundreds of millions handled by Hua’s enterprise and the $27.5 million earned through his illegal activities.

Full Article

Tags: assetscashCathaycriminalhavehuasininnocentinvestorslockedmoneylaundererProceedsrecovery
Previous Post

Nigerian bandit kingpin Gwaska Dankarami and 100 followers killed

Next Post

Commentary: As GE2025 looms, would Singaporeans know foreign interference if we see it?

Related Posts

Teachers Disciplinary Tribunal cancels registration for woman who had sexual contact with two students
New Zealand

Teachers Disciplinary Tribunal cancels registration for woman who had sexual contact with two students

by My News Wave
4 June 2025
0

A teacher, whose identity remains confidential, was denied the opportunity to "retire with dignity" after being found guilty of having sexual relations with a male student and kissing another student early in her teaching career during the 1980s. It took nearly four decades for one of the affected students to report the incidents to the Teaching Council, expressing feelings of being "unclean, abused, and misused," which negatively impacted his academic performance and led to substance...

Read more
Lotto:  million up for grabs in latest Powerball jackpot draw
New Zealand

Lotto: $12 million up for grabs in latest Powerball jackpot draw

by My News Wave
4 June 2025
0

This evening’s $12 million Lotto Powerball jackpot was not won, rolling over to $15 million for Saturday. A MyLotto player from Napier won $1 million in the First Division draw, while a player from Christchurch celebrated a $200,000 win with Strike Four. The winning numbers were 35, 11, 9, 14, 10, and 6, with a bonus ball of 30 and the Powerball being 10. Full Article

Read more
Wellington man gets shock ,000 bill after using a Google AI-ready tool, Meridian culls 53 jobs as it offshores billing – Tech Insider
New Zealand

Wellington man gets shock $16,000 bill after using a Google AI-ready tool, Meridian culls 53 jobs as it offshores billing – Tech Insider

by My News Wave
4 June 2025
0

Wellington tech contractor Drew Broadley unexpectedly incurred a bill of $15,760 in May while using Google BigQuery, a data management and analysis tool within the Google Cloud Platform. He expressed concern about managing his family's bills due to this financial surprise, despite believing his query—meant to retrieve timestamps for a client's Google Analytics activity—was carefully constrained. This incident highlights the potential risks and costs associated with cloud-based data services. Full Article

Read more
Kiwi mum’s warning after son’s finger sliced on flight from Auckland to Singapore
New Zealand

Kiwi mum’s warning after son’s finger sliced on flight from Auckland to Singapore

by My News Wave
3 June 2025
0

A Kiwi mother is alerting parents to be cautious while flying after her 18-month-old son suffered a severe finger injury during a Singapore Airlines flight from Auckland to Singapore. Two hours into the 10-hour flight, the child screamed in pain as his index finger was accidentally caught in the pop-up tray table mechanism by his 5-year-old brother while seated in a bassinet row. The mother, who chose to remain anonymous, expressed shock at the incident...

Read more
New Lynn terror attack: Traumatised survivors say they still cannot shop in a supermarket
New Zealand

New Lynn terror attack: Traumatised survivors say they still cannot shop in a supermarket

by My News Wave
3 June 2025
0

A coroner’s inquest into a terror attack at a New Lynn supermarket in September 2021 began today. Six people were injured in the knife attack by Islamic State supporter Ahamad Samsudeen, who was fatally shot by undercover police. Survivors expressed ongoing trauma, struggling with everyday triggers like “the smell of milk,” and criticized government agencies' responses to the attack. The 10-day hearing will examine the attack's circumstances, including Samsudeen's movements and police actions prior to...

Read more
University of Auckland ordered to pay scientist Siouxsie Wiles 5,000 in court costs
New Zealand

University of Auckland ordered to pay scientist Siouxsie Wiles $205,000 in court costs

by My News Wave
3 June 2025
0

High-profile scientist Siouxsie Wiles incurred over $350,000 in legal bills due to an employment dispute with the University of Auckland, which has been ordered by the Employment Court to pay $205,000 of that amount. The court ruled that while the university did not breach Wiles' academic freedom, it did violate her employment agreement concerning the threats and harassment she faced during the Covid-19 pandemic. Initially, Wiles sought a contribution of $175,000 from the university for...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Cool New Trailer and Poster Art For Marvel's THE FANTASTIC FOUR: FIRST STEPS
  • Top CDC COVID vaccine expert resigns after RFK Jr. unilaterally restricts access
  • Trump budget bill would increase deficit by $2.4 trillion with 10.9 million more uninsured by 2034, CBO says
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In