Reported 8 months ago
A news report revealed that a jewelry store in New Taipei was involved in money laundering with a fraud ring, converting stolen money into Tether to avoid detection. The store owner, 42-year-old Mr. Tsai, collaborated with the fraud ring to profit from the price difference and help create a 'money flow breakpoint' to evade law enforcement. After extensive surveillance, the police successfully arrested Mr. Tsai and four others involved in the scheme, seizing evidence and cash, gold, and smartphones from the store. The case has been transferred to the prosecutor's office for further investigation, involving charges of fraud, money laundering, and organized crime prevention laws.
Source: YAHOO