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Victims of B.C. doctor’s investment scam get some pay from his estate
VANCOUVER – Victims of a doctor-turned-fraudster will be getting some of their money back six years after the man’s murder.
The B.C. government is distributing just over $930,000 to dozens of investors of William Christopher Teet Fung Chan’s fake investment scheme.
The money was recovered through a civil forfeiture legal action and represents about one-third of the funds that Chan bilked from investors.
The government says some people will recover about 70 per cent of their original investments, with $400,000 of the funds going to nine B.C. residents and the rest will be shared by 12 claimants across Canada.
A B.C. Supreme Court lawsuit filed against Chan’s estate in 2008 says instead of investing the money he spent it on himself.
Chan was found shot to death in a vehicle in Vancouver in May 2007.
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