A mysterious disappearance case involving a Chinese billionaire couple that has plagued the Long Island community for over five months has now entered the judicial process. On Tuesday (September 9th), the Eastern District of New York federal prosecutors announced the indictment, accusing a man and a woman from Queens of stealing over $2.8 million from the missing couple’s accounts through complex banking operations.
The defendants are Yinye Wang, also known as Roy Wang, residing in University Point and Roslyn, and Qiuju Wu from Flushing. Prosecutors allege that the two conspired from June to August 2025 to defraud a multinational bank, Bank-1, by submitting false documents and forging signatures to transfer substantial funds from the victims, in violation of Title 18, Section 1344 of the U.S. Code pertaining to bank fraud.
The victims are a Chinese couple residing in Glen Head, Long Island, who were reported missing by Nassau County police on March 31 this year, and have not been seen in public since. Investigations revealed that significant sums were transferred out of their Bank-1 accounts shortly after their disappearance.
According to records provided by Bank-1, around June 29, 2025, one of the victims was unlawfully added to an account under Qiuju Wu’s name. The ownership type of the account was changed from “individual ownership” to “joint with rights of survivorship.” This means that the account, originally owned by one person, was now jointly owned by two or more individuals, and in the event of one person’s death, the assets in the account would automatically go to the surviving account holder without going through probate. This arrangement is common for joint accounts between spouses or family members to ensure smooth asset transition.
Qiuju Wu’s name, social security number, and presumed signature appeared on the signature card, and the account address was later changed to one related to the victim. While Wu’s account had only a balance of $1,919.26 at the time, over a million dollars were transferred out of the victim’s account within a few days.
On June 30, $890,000 was transferred in, followed by $500,000 the next day. Subsequently, $190,000 was transferred to “QJW Trading Inc.,” a company registered under Qiuju Wu’s name; on the same day, $700,000 was withdrawn in the form of a bank draft, with Wu Qiuju listed as the remitter. Surveillance footage showed her personally conducting these transactions at Branch-1.
A similar scenario played out with another victim. Around July 2, the second victim was illegally added to an account controlled by “Individual-1,” which was also changed to a survivorship account. The signature card contained the second victim’s name, social security number, and presumed signature, with the account address likewise changed to one related to the second victim.
In the following days, substantial sums were transferred from the victims’ accounts to the implicated accounts, resulting in approximately $2.8 million being drained from the missing couple’s names within just two weeks.
Prosecutors also revealed that back in late 2023, Yinye Wang was caught at Los Angeles International Airport with multiple cell phones, dozens of bank documents opened under different names, driver’s licenses, credit cards, and account information, some of which were related to the present case, indicating his long-standing involvement in identity theft activities.
Subsequently, Wang was referred for a secondary inspection. During the examination and subsequent interview, Wang removed some items claiming they were “trash” ready for disposal. However, these items were later recovered and inventoried by officials, including twelve bank account opening documents listing the names of six individuals unrelated to Wang, all involving the address of Branch-1. Law enforcement officers also found a business card of a Branch-1 employee.
Furthermore, within Wang’s belongings, law enforcement officers found: seventeen different credit cards under twelve individuals’ names; a New York state driver’s license issued under someone else’s name; an Oklahoma state driver’s license issued under someone else’s name; bank statements from six banks under ten different individuals or businesses; checks from four banks under five different individuals or businesses; a New Jersey state tax refund check issued under someone else’s name; and multiple handwritten notes possibly containing names, birthdates, social security numbers, ATM card PINs, account passwords, and other banking information.
According to prosecutors, Yinye Wang and Qiuju Wu have been arrested and are scheduled to make their first appearance at the Eastern District of New York federal court in Central Islip on Thursday (September 11) at 1:30 pm, with Magistrate Judge Arlene Lindsay presiding.
The whereabouts of the victim couple remain a mystery, with neither the police nor the Federal Bureau of Investigation (FBI) disclosing more details about the case itself. The investigation into this case is still ongoing.
As of yesterday, the two defendants had not yet hired lawyers, and attempts by a reporter from Dajiyuan to obtain comments were unsuccessful.