According to reports, the Taipei District Prosecutor's Office is investigating a major money laundering case, where Tu Chengwen, the head of Ruishen Silver Building, nicknamed the 'Money Laundering Godfather', is suspected of operating a large underground cash flow network to assist online gambling and underground remittance operators in laundering money.
This case reveals that the establishment of the 'Yangsheng Group' third-party payment company provided cash flow services to over 200 illegal operators, with money laundering amounts reaching 240 billion New Taiwan dollars, and criminal proceeds amounting to 3.3 billion New Taiwan dollars. The prosecution has indicted Yangsheng's person in charge, Li Jingkuan, and 26 others, and has requested the court to impose severe penalties. Tu Chengwen has fled during the investigation and is currently wanted.
Third-party payment becomes the hub of money laundering, with Tu Chengwen leading large-scale cash flow operations.
According to the investigation by the prosecutors, Yangsheng's third-party payment company provided cash flow services to online gambling platforms such as Star Three Missing One, Fuyou, and Dalaoye from 2020 to 2023, charging a commission fee of 0.4% to 0.7%. To conceal the source of the cash flow, Yangsheng Group delivered cash to Ruishen Silver Building's 'water room points', with code names including 'Garden' and 'Military Dependents Village', and ultimately conducted fund withdrawals under the names of 'White Hand Association' and 'Animal Protection Association', creating cash flow breakpoints to cover up the true source of illegal funds.
Money laundering intertwined with virtual currency, deep cooperation between Yangsheng and After All Exchange.
Yangsheng Group has a large daily demand for virtual currency (USDT) trading. Therefore, Tu Chengwen sought assistance from Liu Yusen of 'After all Exchange' to facilitate the establishment of the exchange. In 2021, 'After all Exchange' was funded by Liu Yusen, with Zhang Yuting serving as COO and Zhang Hanlin as CEO. Zhang Yuting created a Telegram group called 'USDT Touch Group' and launched the 'TMe8' wallet to assist Yangsheng in managing virtual currency cash flow, further completing the money laundering cycle. Yangsheng also became the first third-party payment operator to be deregistered by the Digital Department.
The discovery of a 'USB bomb' leads investigators to identify the trap set for the audit.
During the search of Ruishen Silver Building, investigators unexpectedly discovered a USB flash drive labeled 'Internal Account'. However, upon investigation, it was actually a 'USB bomb', a device that can cause damage to computer circuitry, which would destroy all relevant records if plugged into a computer. Fortunately, the task force identified it in time, preventing the destruction of audit data.
Humor Company and tax evasion case, with the national tax loss nearing 300 million.
Xu Zhixiang, the person in charge of Humor Company, and others are also involved in the case. The company applied for zero tax refunds under the false pretense of exporting game point cards between 2020 and 2023, resulting in the National Tax Bureau being fraudulently claimed 297 million New Taiwan dollars in business tax, in violation of the Tax Collection Law. Investigators have seized over 300 million New Taiwan dollars from Humor Company's accounts and properties, while also freezing nearly 200 million New Taiwan dollars in funds from Yangsheng and After All companies.
Multiple high-ranking officials are involved, with another case detained this month.
'After All Exchange' COO Zhang Yuting and CEO Zhang Hanlin are also involved in a 60 million New Taiwan dollar fraud case, and have been detained by the Taipei District Prosecutor's Office earlier this month. The prosecution stated that a total of 27 people have been indicted in this case, which is large in scale and has far-reaching effects, and they will continue to trace relevant personnel and the flow of funds.
The article reports that the founder is accused of assisting in a 240 billion money laundering case, with the investigation revealing a surprising 'USB bomb', first appearing in Chain News ABMedia.