Reported 8 months ago
14 individuals including the mastermind, frontman, executives, and employees of a gambling group operating in Taiwan were arrested for laundering 600 million New Taiwan Dollars. The group used domestic and international sports events, as well as esports, as gambling targets to attract people to place bets. The authorities seized cash in different currencies, totaling around 2.08 million NTD, illegal gains from investment life insurance policies held by the mastermind exceeded 28 million NTD. The case is being investigated based on suspicions of money laundering, organized crime, gambling, and profiting from gambling.
Source: YAHOO