Reported 8 months ago
In Taipei's Xinyi District, a jewelry store owner was arrested for allegedly helping a fraud group launder money by converting the stolen funds into virtual currency, transferring them into the suspects' wallets. After victims reported losing millions due to scams, the police conducted surveillance and investigations, uncovering the fraud methods. The authorities seized gold jewelry, silver bars, and cash from the store, suspecting they were obtained through money laundering. The investigation led to the arrest of a total of four individuals. The case highlights the risks associated with virtual currency transactions and the importance of stricter regulations to prevent money laundering.
Source: YAHOO