Deep Tide TechFlow News, on March 25, reported by the United Daily News, that a father-son duo surnamed Zhou from Taichung, Taiwan, collaborated with an overseas fraud group to establish ten virtual currency chain stores domestically, using legal currency stores as a cover, secretly engaging in illegal money laundering activities, with the amount involved reaching as high as 3.1 billion New Taiwan Dollars. The Yunlin District Prosecutor's Office filed charges against 17 individuals on March 21 for aggravated fraud and money laundering, seeking 20 years of severe punishment for the masterminds Zhou Hongwei, Liu Jinggu, and You Junfu.
The prosecutors pointed out that the fraud gang attracted victims who lacked knowledge of virtual currencies to invest by disguising the exterior of legal currency stores. Victims exchanged cash for Tether (USDT) inside the stores and were then guided to transfer their funds to overseas fraud operations. The entire process was meticulously designed, including a 'fake currency store, real money laundering' and 'fake logistics, real couriers' model, comparable to a plot from a crime movie.
The prosecutors pointed out that the fraud gang attracted victims who lacked knowledge of virtual currencies to invest by disguising the exterior of legal currency stores. Victims exchanged cash for Tether (USDT) inside the stores and were then guided to transfer their funds to overseas fraud operations. The entire process was meticulously designed, including a 'fake currency store, real money laundering' and 'fake logistics, real couriers' model, comparable to a plot from a crime movie.