Seven individuals, including Terry Gou, face prosecution for engaging in the illegal buying and selling of personal information in connection with the USDT election.
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Taipei District Prosecutors Office has filed charges against seven individuals today for their involvement in a criminal organization that traded personal information using virtual currency last year, including the founder of Foxconn, Terry Gou, who was also a presidential candidate. This case adds another example to the use of virtual currency as an intermediary. Recently, a candidate for legislator, Ma Zhiwei, who accepted bribes in USDT, has also been sentenced under the National Security Law.
Table of Contents:
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Cracking the Black Market for Election Endorsements: Taiwan Prosecutors Reveal Identity Trading Scandal
Using USDT as Payment Intermediary, Personal Information Acquired through Telegram
Chen, a male, sold multiple Shopee store personal information and received payment in USDT
Prosecutors file charges under the Election and Recall Law
Legislative candidate Ma Zhiwei charged with bribery in USDT under the National Security Law
During the presidential campaign last year, Terry Gou, the founder of Foxconn, announced his candidacy for president. It was revealed that a woman surnamed Xu, who was operating a group-buying business in Cambodia, and her boyfriend, surnamed Yu, were involved in a scandal related to the buying and selling of personal identification information for the purpose of creating endorsement documents. According to the investigation by the Taipei District Prosecutors Office, the couple conducted illegal transactions using social media and virtual currency, involving amounts of tens of thousands of yuan.
Xu and Yu created a Telegram group and posted messages to acquire personal identification information, including information obtained from unidentified sources. This information was used to create endorsement documents, with each transaction priced at NT$200.
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According to the investigation by the prosecutors, Yu, who was instructed by two men using the Telegram accounts “CK” (nickname: Qitian) and “Bao” (nickname: Dongnan), increased the number of endorsements for presidential candidate Terry Gou.
Yu then gave Xu approximately NT$480,000 worth of Tether (USDT) at market price for her to establish a group for recruiting and purchasing personal information.
After seeing the messages for purchasing identification documents, Chen provided 49 identity card photos used for authentication in Shopee stores, which were resold to Xu for the production of endorsement documents. Xu then paid approximately NT$8,370 worth of USDT to Chen.
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In 2023, Shopee stores were ranked as the number one high-risk marketplace by the Criminal Investigation Bureau.
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The prosecutors have filed charges against the seven individuals involved, accusing them of violating the Presidential and Vice Presidential Election and Recall Law. The identities and whereabouts of the two individuals known as “CK” and “Bao,” who are accused of masterminding the operation, are still unknown and under investigation.
Independent legislative candidate Ma Zhiwei has been accused of accepting funding from the Chinese Communist Party and providing government agency information. The Taoyuan District Prosecutors Office has charged her under the National Security Law and recommended a sentence of 3 years and 8 months imprisonment and a fine of NT$2 million. Ma is accused of repeatedly accepting funding from mainland China, including US dollars and virtual currency, totaling NT$1.06 million, for election expenses. Due to concerns of her potential flight or destruction of evidence, the court has decided to extend her detention and prohibit visits for 3 months.
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Taiwan’s first legislator candidate suspected of receiving Chinese funds in USDT is detained.
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Five cases of cryptocurrency bribery in elections! Taiwan’s Ministry of Justice prosecutors warn of hidden nature, intelligent contract bribery may arise in the 2024 general election.
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USDT
Intermediary endorsement
Tether
Election and Recall Law
Terry Gou
Ma Zhiwei
Further reading
USDT’s market capitalization surpasses $100 billion, Tether introduces blockchain recovery tool
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