The B.C. government says a dozen properties worth more than $37m were used in a money laundering operation by Omid Mashinchi, 43. Lawsuits were filed against associates of Omid Mashinchi, saying all the properties, including condos and a palatial West Vancouver home, should be handed over to the government.
Xin Guo Chen became the registered owner of 1178 Eyremount in West Vancouver, on Aug. 30, 2016. The 7,400 sq. ft house has both an indoor and outdoor pool and is assessed at $10m.
Mashinchi, who is on Canada’s most-wanted list, hit the road before a major drug bust by VPD. In June 2024, he was charged with conspiracy, possession for the purpose of trafficking and possession of a firearm. Cops seized more than 200kg of drugs worth about $16m, 7 guns, and $500k in cash and jewelry. Mashinchi’s condo-leasing scheme, outed by reporters was described as a form of trade-based money laundering.
A cop acting as a model wears a mask bearing the face of wanted fugitive Omid Mashinchi on Wednesday, Oct. 8, 2025.
The lawsuits allege that Mashinchi created various corporate entities that “facilitated and concealed money laundering.” “One of the entities is Sky Residence Corp., which purports to be a property management company,” Within a week of Mashinchi completing a U.S. jail sentence in December 2019, he and his associates incorporated Sky Residence in B.C.
VPD are hunting Omid Mashinchi, 43, and Amir Navarchi, 40 for a massive drug bust. Project Torque, began in November 2021. More than 200 kilograms of hard drugs valued at $16m were seized, along with seven guns, and $500k in cash and jewelry. All six drug dealers were released.
Omid Mashinchi was hit with a forfeiture lawsuit in 2023 seeking more than $190k in cash, high-end cars and jewelry. On March 16, VPD raided Mashinchi’s condo at 1011 West Cordova St. and found $191,010. They seized six Rolex watches and one Patek Philippe watch, two necklaces, three bracelets, keys to a Mercedes, a money-counting machine, score sheets for drug trafficking, three cellphones, a cryptocurrency wallet, and GPS tracking devices. In the storage locker for his unit, cops found fentanyl, more than 78 kg of MDMA, and more than 15 kg of meth. Also in the locker were four handguns.
Omid Mashinchi was previously busted for money laundering in the U.S. Mashinchi has associated with B.C. gangsters for years, including leasing condos that were used both as stash houses and as residences. Mashinchi’s leasing operations continued during his incarceration in a US jail. Despite complaints that he was leasing 3rd party properties in buildings that didn’t allow rentals, websites continued to send customers to Mashinchi’s ‘Residence Club’. It operated out of a townhouse at 867 Richards, three doors from a similar unit that Mashinchi bought for $1.5m.
Omid Mashinchi and fugitive Mo Rahimi
B.C.’s anti-gang cops have come across Mashinchi and his properties many times. For years Omid Mashinchi was associated with the Wolf Pack. He was a realtor with the Royalty Group from April 2009 until June 2016, when he gave up his licence. Despite not having a licence, Mashinchi continued to lease condos through the ‘Residence Club’.
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