Legislator Hsu Chiao Hsin’s aunt, Liu Xiangjie, along with her husband Du Bingcheng and friend Lin Yulun, have recently become the focus of a judicial investigation for their alleged involvement in money laundering activities for a fraud syndicate. This case not only involves large sums of money transfers but also complex financial transactions and the cryptocurrency market, which has attracted widespread attention.
Content Index
Toggle
Investigation reveals second fraud case with funds totaling 27 million NT dollars
Frozen accounts used to continue money laundering through other people’s accounts
Multi-level transfers lead to investment scams
Ongoing trial reveals more accomplices behind the scenes
In March of this year, Liu Xiangjie and her husband came under police scrutiny again due to their involvement in a previous case. Within just two months, the funds involved in the case reached 27 million NT dollars through cryptocurrency transactions, further deepening suspicions of money laundering. After an in-depth investigation, the police discovered that these funds were withdrawn after multiple transfers and ultimately flowed into the public relations company account controlled by Ms. Liu.
According to prosecutors, Liu Xiangjie and Du Bingcheng’s accounts had already been flagged and prohibited from use in previous fraud cases. In order to continue their money laundering activities, the couple turned to the public relations company account of Lin Yulun, a high school classmate of Ms. Liu, for illegal fund transfers.
From July to September 2023, several individuals reported that their investment funds were mistakenly transferred to designated accounts and discovered that they had been deceived. The public relations company account became the final destination for these transfers, showing that Liu Xiangjie and others used intermediaries to withdraw and launder these illegal gains.
During the search operation on March 25th, Liu Xiangjie and related individuals were detained. Although they denied any criminal behavior, the prosecutor had sufficient grounds to believe that they were involved in serious crimes, thus applying for their detention and prohibition from meeting anyone. While Liu’s assistant was released on the same day, the police have revealed more potential accomplices based on account and communication records, and the investigation is still ongoing.
This case continues to unfold, not only testing the fairness of Taiwan’s judiciary but also potentially affecting the public’s perception of the behavior of political figures’ family members. As the investigation deepens, more details will gradually become clear.
Liu Xiangjie
Hsu Chiao Hsin
Du Bingcheng
Lin Yulun
Read more:
Legislator Hsu Chiao Hsin’s relatives implicated in fraud and cryptocurrency money laundering case, police investigate couple and their associates profiting 27 million
Hong Kong Monetary Authority promotes development of tokenized market, establishes dedicated working group