A man surnamed Liu from Taichung City and his team used the legal cover of "Jingchao Advertising Company" to secretly operate an illegal gambling transfer machine room, specializing in using virtual currency to conduct fund incoming and outgoing operations for gamblers. After a year of investigation, the prosecutors finally seized an investment savings insurance policy worth NT$25.89 million in the name of a man named Liu. They investigated the case and prosecuted 14 people including Liu.
Manipulate gamblers’ funds with virtual currency
Taichung District Prosecutor's Office prosecutor Bai Huishu investigated the case and discovered that the 50-year-old man surnamed Liu used the legal "Jingchao Advertising Company" as a cover to actually operate an illegal gambling transfer machine room and use virtual currency to conduct fund operations for gamblers. The case was investigated by a task force formed by the Criminal Bureau’s Central Crime Squad 4, Taichung City Criminal Squad 5, Squad 7, and the Second Police Division.
Prosecutorial action uncovers illegal gambling
First wave of operations: preliminary arrests
The prosecutors launched the first search operation on September 26 last year and arrested seven syndicate members. They also conducted scientific and technological analysis on the seized important evidence to trace the true identity and work content of the man surnamed Liu.
Second wave of operations: Seizure of virtual assets
On January 30 this year, when the man surnamed Liu returned to Taiwan from abroad, the prosecutors launched a second wave of search operations, seized 25.89 million yuan of investment savings insurance policies in his name, and petitioned the court for permission to remand Liu.
Third wave of action: expanded investigation
On April 23 this year, the prosecutors launched the third wave of search operations and arrested six group members again, expanding their investigation into the operations of the illegal gambling transfer machine room.
Clear division of labor within the group
The prosecutor's investigation found that Liu Nan and others had set up a customer service department and a control department within the company. The customer service department is responsible for reviewing gamblers’ membership qualifications, and responding to questions raised by gamblers online about sports event rules, odds, etc.; the control department is responsible for connecting with the “deposit and withdrawal channels” and actually operating the computer to recharge gambling funds and withdraw money with virtual currency for gamblers. , conceal and cover up criminal proceeds, and conduct money laundering activities.
Huge cash flows exposed: deposits exceeded NT$600 million
Through technological analysis and virtual currency wallet analysis, the prosecutors traced the total amount of deposits made by Liu and others' group from "○○ Water Room" to a total of approximately NT$617.76 million.
The Taichung District Prosecutor's Office investigated the case and determined that Liu and 14 others involved were suspected of organized crime, gambling, money laundering and other crimes, and prosecuted them. The court ruled that the man surnamed Liu should be detained to prevent him from escaping or destroying evidence.
This article Taichung Gaming Machine Room Case: A man surnamed Liu illegally used virtual currency to manipulate gamblers’ funds in and out, with deposits as high as NT$600 million. First appeared on Chain News ABMedia.
