A huge money laundering case involving more than 300 million New Taiwan Dollars (around 71 million Chinese RMB) has been uncovered in Taiwan. The case is shocking because Qiu Mingci, a key figure from Taiwan Province, worked together with a scam group based in Cambodia. The Taichung District Prosecutor’s Office has charged Qiu and 10 others with fraud, organized crime, and money laundering.
The fraud ring used sneaky tricks to cheat many people. They pretended to be friends or promised big profits to lure victims in. Once the victims sent money, the criminals moved it around using fake transaction records on the LINE app. They claimed to be trading digital currency called Tether, but it was all a cover-up.
How The Crime Worked
Qiu Mingci, also known by nicknames like “Xiao An” and “Nick,” established a company called Bi Sheng Ke Digital Technology Company. This company was used to hide the illegal money and make it look like it came from real business. Qiu worked closely with a Cambodian scam group operating under the name “Jin De Li International.” Together, they organized a well-planned and tightly coordinated money laundering operation.
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In a Telegram group called “Gu Tianle,” the gang collected 73 personal bank accounts to move money. These accounts helped handle hundreds of millions of New Taiwan Dollars through buying and selling virtual currencies like Tether and Ethereum on the Max exchange platform.
The group carried out hundreds of suspicious transactions to clean the stolen money, making it difficult to trace.
Arrest and Legal Action
Prosecutor Pan Xiaoqi revealed that Qiu Mingci denies the charges but is considered a high flight risk. He frequently traveled to Thailand and Cambodia, which made authorities worried he might escape. After learning that some group members planned to flee to Cambodia, Taiwan’s investigation bureau acted fast.
The suspects were intercepted and arrested at Taoyuan Airport before they could leave the country. The court has approved an application to keep Qiu Mingci in custody during the ongoing investigation.
This case highlights the dangers of online scams and shows how criminals use digital currencies to hide illegal money. It also demonstrates the strong efforts by Taiwan’s law enforcement to catch those who break the law and protect the public.
