Two charged in $1M fraud scheme targeting students and immigrants in Calgary
Yung-Ho Shang and Yun Hua accused of defrauding victims through promises of university admissions, investment returns, and immigration assistance between 2021 and 2023.
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Calgary police have charged two people in an alleged fraud operation that defrauded victims of approximately $1 million between February 2021 and June 2023.
Yung-Ho Shang, also known as Adam Shang, 55, has been charged with six counts of fraud over $5,000. Yun Hua, also known as Coco Hua, 51, has been charged with two counts of fraud over $5,000. Both are scheduled to appear in court later this month.
According to police, the accused targeted victims by promising profitable investment opportunities, help securing admission to prestigious universities, and assistance with Canadian immigration services. The scheme also involved fraudulent loan offers.
The investigation reveals the operation affected multiple categories of vulnerable people: those seeking educational pathways, immigration sponsorship, and financial returns on investments. Police have not disclosed the total number of victims or how the accused initially contacted them.
Calgary police are asking anyone with information about the fraud scheme to call 403-266-1234. Anonymous tips can be provided through Crime Stoppers.
How many people were defrauded in total?
How did the accused initially contact victims?
We'll update this story as answers emerge.
The facts
Who was charged in the Calgary fraud scheme?
Yung-Ho Shang (also known as Adam Shang), 55, and Yun Hua (also known as Coco Hua), 51, were charged by Calgary police.
What crimes did each person face?
Yung-Ho Shang was charged with six counts of fraud over $5,000. Yun Hua was charged with two counts of fraud over $5,000.
How much money was defrauded?
The scheme defrauded victims of approximately $1 million between February 2021 and June 2023.
What did the accused promise victims?
The accused promised profitable investment opportunities, help securing admission to prestigious universities, assistance with Canadian immigration services, and fraudulent loan offers.
