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A Vancouver immigration consultant defrauded Chinese immigrants of $6.9 million that he used for personal expenses including renting luxury cars and paying his credit card bills, the B.C. Securities Commission has alleged.

In a notice of hearing posted on Monday, the Commission alleged that Paul Oei — a businessman featured in articles about Chinese investors in Vancouver by the New York Times and The New Yorker — used a number of companies to “perpetrate a fraudulent scheme,” involving 64 investments that raised a total of $13.3 million.

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The fraud allegations have not been proven, the Commission notice states. And, in a response to a separate, but related, lawsuit filed by two people who allege they lost money, Oei and his wife, Loretta Lai, say they have not been “unjustly enriched,” in the deal and they “deny any conspiracy to defraud the plaintiffs.”

According to the Commission’s notice, Oei raised investor startup funds for Cascade Renewable, a proposed Abbotsford recycling plant, between July 2009 and November 2012.