Mars Finance News: According to the United Daily News, a father-son duo surnamed Zhou from Taiwan collaborated with an overseas fraud group, establishing ten virtual currency chain stores in the country. Using legal currency stores as a cover, they secretly engaged in illegal money laundering activities, with the total amount involved reaching 31 billion New Taiwan dollars. On March 21, the Yunlin District Prosecutor's Office indicted 17 people on charges of aggravated fraud and money laundering, seeking 20-year prison sentences for the masterminds Zhou Hongwei, Liu Jingu, and You Junfu. The prosecutors noted that the fraud group attracted victims unfamiliar with virtual currency by disguising their stores as legitimate currency exchange shops. Victims would exchange cash for USDT in the store and were then guided to transfer funds to overseas fraud centers. The entire process was meticulously designed, including "fake stores, real money rooms" and "fake logistics, real money mules," resembling a crime movie plot.
A father and son in Taiwan opened a virtual currency chain store to launder money, involving a total amount of NT$3.1 billion
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