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Taiwan police arrest 14 suspects who allegedly ran a crypto scam worth $5.4

September 8, 2021
Source: trendycryptonews.com trendycryptonews.com
News Snapshot:
Taiwan’s police administration arrested 14 people in connection with a cryptocurrency investment scam that defrauded investors out of about $5.41 million, according to a report from local Taiwan news site, the Taipei Times. The report, which cited information from Taiwan’s Criminal Investigation Bureau, said that the suspects face charges of both fraud and money laundering. According to CIB investigator Kuo Yu-chih, a businessman with the last name “Chen” led the scheme and promoted cryptocurrency investments on social media. Chen also allegedly ran Taipei-based Azure Crypto Co, a platform that offered cryptocurrency transaction services. “Chen and his staff set up web...
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Tags: arrested | Azure | bitcoin | blockchain | criminal | crypto | cryptocurrency | currency | finance | financial | fintech | fraud | investment | LED | media | news | platform | police | report | scam | social media | staff | Taipei | Taiwan | technology

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