Reported 8 months ago
In Taipei's Xinyi District, a jewelry store owner was arrested on June 17, 2024, for allegedly aiding a fraud group in money laundering by converting the proceeds into virtual currencies and transferring them into the suspects' wallets. After victims reported losing millions due to fraud, the police conducted a stakeout and surveillance, revealing a series of fraudulent practices. Authorities also suspected that the store's gold and silver items were obtained through the illicit funds, leading to their confiscation and the arrest of four individuals.
Source: YAHOO