“Cryptocurrency Trading Scam: A Police Officer in Changhua Joins the Fraud Gang, Participates in Money Laundering Using Dummy Accounts, Receives a Jail Sentence”

The Changhua District Court recently sentenced a police officer to 2 years and 9 months in prison for his involvement in a money laundering operation conducted by a fraudulent group. The officer, surnamed Tu, was originally a member of the Changhua County Traffic Brigade. Due to being deceived in a virtual currency investment in the past and facing financial difficulties, he began offering his bank account as a front account and participated in withdrawal activities starting in July 2022, thus becoming involved in fraudulent activities.

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Police officer provides front account for fraudulent group
Officer surnamed Tu denies wrongdoing
According to the investigation, Officer Tu collaborated with a man surnamed Yang claiming to be a “Scottish bank manager” and participated in an investment fraud group involving multiple bank accounts. The group used these accounts to receive remittances from victims, ranging from NT$4,000 to NT$250,000. Officer Tu would then withdraw these funds and hand them over to other members of the fraudulent group, with the funds eventually being transferred to fraudsters overseas.

Officer Tu himself denies that the NT$17,000 he received was payment for his withdrawal activities. However, he reached a compensation settlement higher than NT$17,000 with 9 victims. The judge, considering Officer Tu’s status as a police officer who should have clearly recognized the severity of fraud and its harm to society, ultimately decided to sentence him to imprisonment and have his record at the Changhua County Police Department marked with a major offense and dismissal.

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Front account
Changhua
Money laundering
Fraud
Police

Further reading
Regulators crack down on mixing services again! Samourai Wallet founder accused of money laundering by the US Department of Justice
“Honorary money laundering machine” – Hualien City Citizens’ Representative Chairman collaborates with cryptocurrency exchange, involving tens of millions of NT dollars in money laundering.