Skip to main content
Investigative Journalism Foundation
Business

Fraud and embezzlement by CEO led to failure of prominent Vancouver condo developer, majority owner claims

Coromandel Properties investor says more than $150 million was lost through Jerry Zhong’s misappropriation

Bethany Lindsay, Local Journalism Initiative Reporter
Bethany Lindsay, Local Journalism Initiative Reporter

7 May 2025 • 8 min read

Copied to clipboard!
Jerry Zhong, an East Asian man in glasses, a white shirt and a black suit jacket, smiles as he poses next to Takashi Murakami, who is wearing a blue octopus hat and suit.
Coromandel Properties CEO Jerry Zhong, left, poses with Japanese artist Takashi Murakami at a 2018 party to launch Murakami’s exhibit at the Vancouver Art Gallery. Zhong was a sponsor of the exhibit; he’s now facing allegations from the major investor into his company. (Photo courtesy of Fred Lee)

Bethany Lindsay, Local Journalism Initiative Reporter
Bethany Lindsay, Local Journalism Initiative Reporter

Bethany Lindsay is an award-winning investigative journalist who covers white-collar crime. She is based in Vancouver and previously reported for CBC News, the Vancouver Sun, and the Cambodia Daily.

Dig Deeper

Our databases turn public records into public power. Dig in to find the real story on lobbying, donations, contracts, access to information releases and more.

Search

Related Articles

More on Business