Reported 8 months ago
On June 17, 2024, police arrested a 42-year-old male surnamed Tsai, who owns a jewelry store in New Taipei City, for colluding with a fraud gang. Tsai became an accomplice in money laundering for the scam group, helping exchange stolen money into USDT Tether, then transferring it into the fraud group's wallet to create a money trail break. After a thorough investigation, the police arrested Tsai and three members of the fraud gang and seized evidence worth close to 30,000 USD. The case is being prosecuted under charges of fraud, money laundering, and organized crime.
Source: YAHOO