The Yunlin District Prosecutor’s Office has exposed a police officer from the Kaohsiung Linyuan Police Station for his alleged involvement with a fraud syndicate, with the amount involved exceeding NT$100 million. This case not only exposes the misconduct within the police force but also reveals a series of intricate criminal activities.
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Fraud Syndicate Driver Caught, Unexpectedly Discovers Officer’s Involvement
Officer Suspected of Leaking Information and Assisting Fraud
Prosecutor’s Warning: Do Not Invest in Internet Platforms with Unclear Origins
Last year, the Yunlin District Prosecutor’s Office arrested a driver while investigating an online investment fraud case. Initially, this incident seemed ordinary, but as the investigation deepened, the prosecution discovered a large-scale fraud syndicate consisting of more than 20 individuals, including the 27-year-old main suspect surnamed Chen. What was even more shocking was the involvement of his brother, a 29-year-old officer from the Linyuan Police Station.
The prosecution found that this officer surnamed Chen not only leaked information but also actively participated in the fraudulent activities of the syndicate. Since early last year, he assisted the syndicate through leaking information and other means to conduct illicit transactions, and obtained lucrative returns from it. It is understood that the fraud syndicate used cash to deceive people through virtual currency investments on the internet, with monthly fraudulent amounts reaching up to NT$50 million. The police officer would then take a 2-4% profit from it.
Through a series of searches and investigations, the prosecution finally brought back officer Chen surnamed and his younger brother, along with 8 other individuals, for late-night interrogations last night (1/29). Four individuals confessed to their crimes, and the prosecution applied for detention for the four individuals, including the Chen brothers, citing reasons such as evidence tampering, flight risk, and repeated commission of crimes.
The successful exposure of this case is attributed to the close cooperation between the police and the prosecution. Prosecutor Duan Kefang led multiple units, including the Agency Against Corruption and the Political Warfare Office of the National Police Agency, to jointly investigate this case and conduct searches in various locations in Kaohsiung.
Currently, the prosecution is still in the process of determining the exact amount of fraudulent proceeds. Chu Chih-jen, the Chief Prosecutor of the Yunlin District Prosecutor’s Office, emphasized that the public should be vigilant and avoid investing in internet platforms with unclear origins to prevent becoming victims of fraud.
This case not only reveals the potential corruption within the police force but also highlights the prevalence and clandestine nature of online investment fraud. As the investigation deepens, more details and the truth behind it will gradually surface.
Virtual currency
Fraud
Kaohsiung
Further reading:
South Korean Blockchain Music Platform Somesing Hacked for Tens of Millions of Dollars, PentaShield: By 2023, Hackers Will Succeed in Gaining 2 Billion Pounds
CFTC Warns Investors Not to Fully Trust AI Trading Robots: They Cannot Predict the Future.