Kaohsiung police officers involved in billion-dollar cryptocurrency scam ring, prosecutors make breakthrough in the case

The Yunlin District Prosecutor's Office revealed that a police officer from the Lin-Yuan Police Station in Kaohsiung is suspected of involvement with a fraud syndicate, with the amount involved exceeding one billion New Taiwan Dollars. This case not only exposed illegal activities within the police force but also unveiled a series of intricate criminal operations.

Scam Gang Member Arrested, Unexpectedly Reveals Police Officer's Involvement

Last year, the Yunlin District Prosecutor's Office arrested a driver while investigating an online investment fraud case. What initially seemed like a routine case took a surprising turn as the authorities uncovered a large-scale fraud ring involving over 20 individuals, including the main suspect, a 27-year-old man surnamed Chen. Shockingly, his brother, a 29-year-old police officer from the Linyuan Police Station, was also implicated.

Officer Suspected of Leaking Information and Assisting in Fraud

Prosecutors found that the officer surnamed Chen not only leaked information but actively participated in the group's fraudulent activities. Since early last year, he aided the group in illegal transactions through leaking information and other means, profiting handsomely from it. The fraud ring operated by deceiving individuals into investing cash in virtual currencies online, with monthly fraudulent gains amounting to as much as 50 million New Taiwan dollars. The police officer reportedly took a 2-4% cut of the profits.

After a series of searches and investigations, the prosecutors finally brought back Officer Chen and eight others, including his brother, for late-night interrogations on the night of 1/29. Four individuals confessed to their crimes, and the prosecutors applied for detention of Officer Chen and his brother and two others based on reasons such as collusion, flight risk, and repeated commission of crimes.

The successful exposure of this case was attributed to the close cooperation between the police and prosecutors. Chief Prosecutor Duan Kefang led multiple units, including the Agency Against Corruption and the Police Department's Disciplinary Office, in a joint investigation and conducted searches in various locations in Kaohsiung.

Prosecutors Warn: Avoid Investing in Suspicious Online Platforms

Currently, the prosecutors are still determining the exact amount of proceeds from the fraud. Chief Prosecutor Zhu Qiren of the Yunlin District Prosecutor's Office emphasized the importance of public vigilance and advised against investing in dubious online platforms to prevent falling victim to fraud.

This case not only exposes potential corruption within the police force but also highlights the prevalence and clandestine nature of online investment fraud. As the investigation progresses, more details and the underlying truth are expected to come to light.