(Central News Agency reporter Lin Changshun, Taipei, 26th) Ace Exchange founder Pan Yizhang, lawyer Wang Chenhuan, man Lin Genghong and others were suspected of tricking victims into investing in virtual currencies that cannot be converted into cash, making a profit of nearly 800 million yuan. The Beijing Prosecutor’s Office today indicted Pan Yizhang and 32 others on charges of fraud, money laundering and other crimes, and requested severe sentences.
The prosecutor’s investigation revealed that Pan Yizhang, Lin Genghong and others all knew that the virtual currencies MOCT coins (magic coupon coins), CSO coins, FITC coins, NFTC coins and BNAT coins were essentially electronic signals generated by computer programs, with low casting costs and no actual The application prospects have actually been divided through criminal organizations since the Republic of China in 108 to write false virtual currency white papers, operate Ace Exchange, ProEx Exchange, and list virtual currencies on exchanges.
The Taipei District Prosecutor’s Office pointed out that Pan Yi-chang, Lin Geng-hong and others deceived unspecified people into investing in these virtual currencies by setting up IMBA direct sales teams and branches to promote sales, spreading false news in online media, and manipulating currency prices on exchanges. , defrauding nearly NT$800 million in this way, with more than 1,200 victims.
Prosecutors found that Lin Genghong and others formed a criminal organization to fraudulently sell various virtual currencies and blockchain-related products, with criminal proceeds of at least 2.2 billion yuan. Lin Genghong and others also instructed their subordinates to move and hide cash ranging from millions to 10 million yuan in batches throughout the two norths, and then transfer it to other uses; and used a total of more than 100 million yuan of illegal gains to purchase real estate in Yilan. , as one of the strongholds for money laundering.
Prosecutors stated that Lin Genghong and others delivered 43 million yuan in criminal proceeds to Wang Chenhuan, the well-known lawyer and head of Ace Exchange, of which 26 million yuan was used as capital increase for Ace Exchange and another 17 million yuan was used as an investment in a law firm. Lin Genghong and others successively delivered a total of 47.4 million yuan of criminal proceeds to create breakpoints in cash flow, cover up, conceal and use specific criminal proceeds to carry out money laundering crimes.
The prosecutor pointed out that in June 2012, Wang Chenhuan, in the role of “strategist”, taught Lin Genghong and others to modify the content of the white paper, making users of the white paper believe that the professional team members actually existed and formally complied with the provisions of the white paper, and arranged for these virtual currencies to be used. Exchange for physical goods or services, and list them on DEEPCOIN and UNISWAP exchanges, so that it appears to have physical application value and the trading platform can be circulated and monetized to win the trust of others.
The prosecutor said that in June last year, members of IMBA were searched by the prosecutors for a fraud case. Wang Chenhuan accepted the entrustment and appointed lawyer surnamed Wei to be the selected defender for the defendant in the case. Lawyer surnamed Wei accompanied the interrogation during the investigation and took the opportunity to obtain the file. He immediately sent the “review data”, “detention petition” and other information to Wang Chenhuan. Wang Chenhuan leaked the information to IMBA cadres, allowing the IMBA Group to know the case investigation process, content, and current evidence.
Prosecutors’ investigation revealed that Wang Chenhuan knew that Lin Genghong was a wanted criminal. In June last year, he rented his house on Zhongzheng Road, Xindian District, New Taipei City, to a woman named Lin for Lin Genghong to hide in to avoid detection by the prosecutors. He was suspected of hiding criminals and other crimes. .
In addition, the prosecutor found that Wang Chenhuan served as the legal adviser to the person in charge of a tea company named He in Miaoli County in 108 years. Wang Chenhuan observed that He Nan often heard suspected gunshots and was suspected of being monitored by the tea company in a mountainous area. Fearing personal safety, he pretended to help hire veterans and professionals to eliminate dangerous situations around the company. In the name of maintaining safety, he defrauded He Nan of at least 72.27 million yuan from 109 to January this year.
After the Taipei District Prosecutor’s Office directed the New Taipei City Criminal Police Brigade to investigate, a total of more than 600 million yuan including virtual currency and NT$ in cash (more than 400 million yuan in virtual currency), and a Mercedes-Benz minivan (which had changed in price to 1.71 million yuan) were seized. ), a McLaren passenger car and other items.
The prosecutors today indicted 32 people including Pan Yizhang, Lin Genghong, Wang Chenhuan, etc. for crimes such as organized crime, fraud, money laundering, leaking secrets, and hiding criminals. They recommended that the court consider that the number of victims exceeded 1,200 and the loss amounted to nearly 800 million yuan. , Lin Genghong and other four main suspects requested to be sentenced to more than 20 years in prison.
Prosecutors stated that Wang Chenhuan, as the director of a well-known domestic law firm and the president of an ace exchange, colluded with the mastermind of a fraud group, participated in a criminal organization, leaked investigation secrets, and acted as a “strategist” to assist the fraud group in shaping junk coins. If there is a false impression of currency, etc., please ask the court to impose a sentence of more than 12 years. (Editor: Li Xizhang) 1130426
