“Kaohsiung Police Officers Implicated in Billion-Dollar Cryptocurrency Scam; Prosecution Makes Breakthrough in Case”
The Yunlin District Prosecutors Office has exposed a police officer from the Lin Yuan Police Station in Kaohsiung who is suspected of being involved with a fraud syndicate, with the amount involved exceeding NT$100 million. This case not only exposes the illegal activities within the police force but also uncovers a series of intricate and complex criminal activities.
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Fraud gang member caught, unexpected discovery of police officer’s involvement
Police officer suspected of leaking information and assisting in fraud
Prosecutors warn against investing in online platforms with unclear origins
Last year, the Yunlin District Prosecutors Office arrested a gang member while investigating an online investment fraud case. Initially, this incident seemed ordinary, but as the investigation deepened, the prosecution discovered a large-scale fraud syndicate consisting of more than 20 individuals, including the main suspect, a 27-year-old man surnamed Chen. What was even more shocking was the involvement of his brother, a 29-year-old police officer from the Lin Yuan Police Station.
The prosecution discovered that this officer surnamed Chen not only leaked information but also actively participated in the fraud activities of the syndicate. Starting from early last year, he assisted the syndicate through means such as leaking confidential information and engaged in illicit transactions, reaping substantial profits from it. It is understood that the fraud syndicate conducted scams on the internet by using cash for virtual currency investments, with monthly fraudulent amounts reaching NT$50 million. The police officer in question would take a 2-4% cut of the profits.
After a series of searches and investigations, the prosecution finally brought back the officer surnamed Chen and his younger brother for late-night interrogations last night (1/29). Four of them confessed to their crimes, and the prosecution applied for detention for the four, citing reasons such as corroborating evidence, risk of fleeing, and repeated commission of crimes.
The successful exposure of this case was due to the close cooperation between the police and the prosecution. Prosecutor Duan Kefang led multiple units, including the Agency Against Corruption and the Internal Affairs Office of the Police Administration, to jointly investigate this case and conduct searches in various locations in Kaohsiung.
Currently, the prosecution is still in the process of determining the exact amount of fraudulent proceeds. The Chief Prosecutor of the Yunlin District Prosecutors Office, Chu Chih-jen, emphasized that the public should remain vigilant and avoid investing in online platforms with unclear origins to avoid becoming victims of fraud.
This case not only reveals the possibility of corruption within the police force but also highlights the prevalence and covert nature of online investment fraud. As the investigation deepens, more details and the underlying truth will gradually come to light.
Cryptocurrency
Fraud
Kaohsiung
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