Erwu Telecommunications Company, which uses its legal business as a cover to carry out illegal activities, has concluded today (7/5) after more than a year of in-depth investigation by the Yunlin District Prosecutor's Office. The company was accused of producing and providing "BlackBerry Cards" and "Bit Cards" for use by fraud groups. Several senior figures, including former Deputy Director of the Criminal Bureau Zhuang Dingkai, were indicted.
Illegal production of "BlackBerry Card" and "Bit Card", many high-level people were prosecuted
Huang Weijie, prosecutor of the Yunlin District Prosecutor's Office, discovered the illegal activities of Erwu Telecom Company while investigating cases of people being defrauded. The company used its connections to hire former NCC member Xiao Qihong and former deputy director of the Criminal Bureau Zhuang Dingkai as consultants, both of whom violated the revolving door provisions of the Civil Service Law (public servants are not allowed to use their authority to accumulate advantages or connections in an attempt to obtain high salaries after leaving their jobs).
According to the prosecutor’s investigation, Erwu Telecom Company has established a fraud group since September 2021 and is responsible for money laundering activities of illegal cash flow. The company established 29 headcount companies at home and abroad to apply for financial accounts and conduct money laundering operations. The person in charge of the company, Chen Nan, managed these headcount companies together with his family and friends, and created false transaction records to conceal illegal financial flows.
Virtual currency money laundering network
Chen Nan cooperated with Pan Yizhang, the person in charge of Ace Exchange, through the head of the accounting firm surnamed Zhuang, to convert the illegally stolen money into the virtual currency USDT and deposit it into the designated virtual wallet address. In addition, Chen Nan used the capitation accounts of Gao Nan and others to conduct layer-by-layer transfers to conceal illegal gains.
Consultants cover up regulatory breaches
In order to remove the bank deposits, Pan Yizhang hired Zhuang Dingkai, the former deputy director of the Criminal Police Department, as a consultant, and used Zhuang Dingkai's son to inquire about the trapped deposits with the bank. The two parties also signed a false project service contract to mislead the direction of the investigation and investigation in order to release the money that Pan Nan's company had trapped.
Hire a lawyer to help avoid detection
After facing multiple criminal investigations, Chen Nan hired a lawyer surnamed Jiang from a law firm to handle legal matters for riders and headcount accounts. Jiang Nan is responsible for providing preventive measures, responding to police investigations and arranging lawyer defense, and fabricating evidence to mislead the direction of the investigation.
Illegal financial flows amount to NT$400 million
On March 11 this year, prosecutors once again directed the police to search Erwu Telecom Company and seized more than NT$2 million in cash and more than 60,000 USDT. From November 2021 to November 2023, the illegal cash flow in the company’s financial account reached more than NT$440 million; the USDT cash flow in the virtual wallet account reached more than NT$720 million. Prosecutors will ask the court to declare these illegal gains confiscated and have seized the buildings and land under the company's name.
This article is the Taiwanese version of Infernal Affairs! The deputy director of the Criminal Bureau was involved in the February 5th telecommunications fraud case and was prosecuted. First appeared on Chain News ABMedia.
