According to reports from Taiwanese media, the investigation department of Taoyuan City, Taiwan Province, recently cracked a large virtual currency money laundering case involving a Cambodian scam group. The Taichung District Prosecutor's Office has charged the main suspect Qiu Mingci and 10 others with fraud, organized crime, and money laundering, with the total amount involved exceeding 300 million New Taiwan Dollars (approximately 71.01 million RMB).
According to investigations, Qiu Mingci, nicknamed 'Xiao An' and 'Nick', cooperated with the Cambodian scam group under the name 'Jin De Li International' since 2023, conducting money laundering activities through the 'Bi Sheng Ke Digital Technology Company' he established.
The group used scams such as fake friendships and high profits to deceive victims, and then transferred the illicit funds under the guise of trading Tether using forged LINE transaction records.
The prosecutors pointed out that Qiu organized a tightly coordinated operation, responsible for the flow of funds and arranging members to collect 73 personal accounts in a Telegram group (nicknamed 'Gu Tianle'), purchasing Tether, Ethereum, and other virtual currencies through the Max exchange for money laundering. The case involved hundreds of money laundering transactions, with a total amount as high as 340 million New Taiwan Dollars.
Prosecutor Pan Xiaoqi stated that Qiu Mingci is a major suspect in the crime but vehemently denies it, and frequently travels to Thailand and Cambodia, posing a high risk of fleeing. An application for continued detention has been approved by the court. After the investigation bureau obtained evidence that group members planned to flee to Cambodia, they promptly intercepted and arrested them at Taoyuan Airport.
