The Shilin District Prosecutor’s office has indicted 14 suspects for orchestrating a scheme that involved fraud and organized crime, seeking confiscation of 1.275 billion New Taiwan dollars worth approximately 39.8 million USD.
Shi Qiren, identified as the ringleader, may face a 25-year prison sentence for his role. This operation involved fraudulently using BiXiang Technology, a cryptocurrency exchange, to launder the illicit funds.
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