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For Immediate Release
Yuansen Fu allegedly used fraudulent identification and is considered armed and dangerous
Vancouver, March 22, 2022 – BC Financial Services Authority (“BCFSA”) is alerting the public to the potential presence of an individual in B.C who is wanted by police for mortgage fraud.
Yuansen Fu, 23, was issued a Canada-wide warrant for arrest by the Toronto Police Service for allegedly committing mortgage fraud, creating false identities and documents and posing as a legitimate homeowner.
Fu is known to visit Vancouver frequently and may be in British Columbia to perpetuate similar fraudulent activity. He is believed to be armed and dangerous. If seen, members of the public are advised to call the police immediately and not to approach him.
BCFSA advises the public, mortgage brokers, and real estate licensees to be vigilant. Real estate and mortgage professionals should scrutinize the identification of individuals they conduct real estate business with. If concerned about suspicious or potentially criminal activity, be sure to contact the police. If you are unsure whether an individual providing real estate services is licensed or whether someone providing mortgage services is registered with BCFSA, search the database on our website to verify.
For more information and to view a picture of Yuansen Fu, the full Toronto Police Service news release can be found here: Investigation into Mortgage Fraud Over Ten Million Dollars
Find a registered mortgage broker in B.C.: Find a Mortgage Broker | BCFSA
Find a real estate professional in B.C.: Find a Professional | BCFSA
Find your local RCMP Detachment or community police: B.C. police forces — Province of British Columbia (gov.bc.ca)
BC Financial Services Authority (“BCFSA”) is a Crown regulatory agency of the Government of British Columbia. BCFSA oversees the financial services sector which includes pension plans, mortgage brokers, real estate services, real estate development marketing, and financial institutions (credit unions and insurance and trust companies). BCFSA also administers the Credit Union Deposit Insurance Corporation of British Columbia (“CUDIC”).