Underground currency dealers colluded with a fraud group to launder 680 million! The group taunted the victim, "He was so stupid and deserved to be cheated."

The largest underground currency dealer in the south, "Golden Bull Parkway", was involved in colluding with a fraud group to launder more than 600 million yuan. The prosecutor investigated and prosecuted 26 people in one go. (File photo, reproduced by reporter Qiu Junfu)

"Golden Bull Parkway", known as the largest illegal underground virtual currency dealer in the south, was suspected of soliciting fraud groups and riders to launder money in the store, and even privately provided instruction manuals to overseas exchanges to create breakpoints in cash flow. The prosecutor directed the entire Taiwan police network to launch a search and found that the group had handled more than 686 million yuan in money laundering. A total of 26 defendants, including the person in charge, cadres and employees surnamed Wang, were prosecuted for violating organized crime prevention regulations and aggravating fraud.

Xiongjian pointed out that "Golden Bull Parkway", headed by a 60-year-old woman surnamed Wang, and a 31-year-old son surnamed Wang as CEO, has been advertising itself as "the largest OTC in the south (not through centralized exchanges)" since 2021. In the name of buying and selling virtual assets, it is actually recruiting fraud groups and attracting riders to come to launder money.

The prosecutor's investigation revealed that "Golden Bull Parkway" set a price for selling virtual assets that was 6% to 10% higher than the market price in order to share the huge profits. It promised the fraud group to help transfer the virtual assets into designated wallets and provided instructional manuals to teach victims how to deal with inquiries. What’s exaggerated is that Jinniu Parkway’s internal LINE group is often full of comments mocking the victim as “obviously deceived” and “so stupid that he deserves to be deceived.” Everyone from top to bottom knows that customers are being deceived and still cooperates with money laundering.

The prosecutor directed police stations across Taiwan to launch multiple waves of search operations starting in January 2024, seizing work computers, mobile phones and a large number of exhibits. According to statistics, 395 people were murdered in Taiwan, the amount of money laundered was as high as 686 million yuan, and it is estimated that illegal gains should be confiscated to more than 232.36 million yuan.

After the investigation, the prosecutor determined that the organization seriously endangers the financial order, and prosecuted a total of 26 people including Wang Huang's wife, son, core management, and counter employees of each branch for crimes such as violation of organized crime prevention regulations, joint fraud by three or more people, money laundering prevention law, and commercial accounting law, and recommended that the court give a harsher sentence to the leading perpetrators.

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