In 2022, Yuin Kim contacted me directly and asked if I would do him a favor. He said that if I could provide $50,000 for a short-term arrangement, he would return it in 90 days with a $50,000 bonus – essentially doubling my money. I asked how that would work. He explained that he needed someone to sign a buyer’s agreement for a condo unit at a six-unit development in Calgary that he claimed to own, but emphasized that I would not actually be purchasing anything.
I was upfront with him – I told him I didn’t have $50,000 readily available, I had no interest in purchasing real estate in Canada, and I wasn’t comfortable being involved in a real estate purchase. He assured me that I wasn’t actually buying anything and would not be responsible for a mortgage, credit pull, or loan application. According to him, I was only needed on paper to facilitate the deal, and I wouldn’t be liable for anything.
I was unclear on the structure and purpose of the transaction, but I trusted him at the time because I already had other investments with him. I didn’t want to create friction that might jeopardize those, so I agreed to wire the $50,000. At the time, I believed I was simply providing a short-term loan based on the promise of a high-yield return.
Over the next several weeks, I signed agreements that I believed were largely procedural. Yuin repeatedly stated that I wouldn’t be taking ownership of any property, and that my involvement was limited to helping him as a financial favor. I now realize I may have been used to present a false buyer profile or misrepresent ownership intent – something I had no understanding of at the time and certainly never knowingly agreed to.
When the 90 days passed, I asked for my repayment. Yuin delayed. He claimed he now needed to sell the condo in order to pay me back. I reminded him – repeatedly – that I didn’t own a condo, never agreed to purchase one, and that the $50,000 was supposed to be repaid independently of any sale. Over time, it became clear that he had mismanaged the project, overpromised, and failed to deliver.
Years have now passed. I’ve never received a single dollar back – not from this project or any of the others I had previously invested in. I am now pursuing legal action against Yuin Kim for the full amount of all funds given, across multiple failed projects.
This is my personal experience. It is not speculation. Every word here is based on direct communication and my own involvement. I’m sharing it so that others can be more informed than I was at the time.
In May 2024, I filed a formal complaint with the Calgary Police Service regarding my financial dealings with Yuin Kim, under the file reference #CA24182254 . At the time of writing, the matter remains on hold.
This reference number is provided for transparency and to demonstrate that I took appropriate steps to report what I believe to be fraudulent behavior.
