Gang Sets Up Fake Legal Entities to Defraud Over 100 Million; Taipei Police Send 24 Suspects for Prosecution
A telecom fraud and money laundering group led by Su, a member of the Bamboo Union gang, acquired 12 struggling companies and changed their nominal responsible persons to apply for corporate certificates and other accounts, which were then resold for fraud and money laundering, handling over 100 million NTD. Taipei City Police arrested and sent 24 suspects for prosecution.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 12:09
- 🔍 Collected: May 12, 2026 at 12:31 (22 min after Published)
- 🤖 AI Analyzed: May 12, 2026 at 13:10 (38 min after Collected)
Central News Agency
(Central News Agency reporter Huang Li-yun, Taipei, 12th) A telecom fraud and money laundering group led by Su, a member of the Bamboo Union gang, acquired 12 struggling companies and changed their nominal responsible persons to apply for corporate certificates and other accounts, which were then resold for fraud and money laundering, handling over 100 million NTD. Taipei City Police arrested and sent 24 suspects for prosecution.
The Criminal Investigation Division of the Taipei City Police Department today issued a press release stating that they had previously received reports from victims of fraud. After continuous tracking of the money flow, they discovered that the fraudulent funds flowed into several company accounts, realizing something was amiss, and immediately expanded the investigation.
Upon investigation, it was understood that this telecom fraud and money laundering group was led by Su, a man in his 40s who is a member of the Bamboo Union gang. Its members spanned multiple counties and cities, and since September 2023, they successively acquired a total of 12 struggling enterprises; they also sought out economically vulnerable groups, acquiring their accounts for 1,000 to 2,000 NTD to serve as nominal representatives.
Subsequently, Su and others cooperated with accountants to change the registration of company responsible persons, and rented short-term physical offices and issued fake transaction contracts to create the illusion of normal company operations, thereby gaining the trust of banks and reducing their vigilance against large abnormal capital flows.
After successfully applying for and activating corporate certificates and other account functions, Su and other suspects then resold the nominal companies to other downstream illegal groups for use in receiving remittances from victims of fake investment and fake police/prosecutor fraud, as well as subsequent money laundering crimes.
Police initially found that over 31 victims were involved in this case, with total financial losses exceeding 100 million NTD; among them, a 60-year-old female homemaker surnamed Chuang from Hsinchu lost as much as 65 million NTD due to fake police/prosecutor fraud, and another female homemaker surnamed Chao from Taipei also lost as much as 48 million NTD.
After long-term investigation, when the time was ripe, several waves of search and seizure operations were launched from December last year to March this year, successfully arresting and sending 24 suspects for prosecution in Taipei and New Taipei cities, including the ringleader Su, group cadres Chen and Yu, and multiple nominal account holders.
At the same time, mobile phones, laptops, registration documents of nominal companies, passbooks, and other evidence were seized, and the court ruled to freeze over 22 million NTD in deposits in the involved accounts.
After questioning, the entire case was transferred to the Taipei District Prosecutors Office for investigation on charges of fraud under the Criminal Code, the Money Laundering Control Act, and the Fraud Crime Prevention Act. Su, Chen, and Yu were detained and prohibited from communication by the prosecutor and approved by the court.
Chief Ding Jing of the City Criminal Investigation Division stated that statistics from the "Anti-Fraud Dashboard" in April this year show that Taipei handled a total of 1,540 fraud cases, with financial losses exceeding 804.7 million NTD; among them, fake investment fraud accounted for 124 cases, with financial losses reaching over 256.86 million NTD (accounting for about 32% of the total financial losses).
Chief Ding mentioned that recently, fraud groups often use the names of celebrities, financial experts, or artists to spread false advertisements through social platforms, guiding the public to "fake investment websites" and "fake investment applications (APPs)" with high returns as bait, inducing people to remit, transfer, and hand over money, causing severe property losses. He advised the public to follow legitimate channels and platforms for investment.
Chief Ding reminded the public that providing personal or company accounts to others for use may not only make them accomplices in crime but also destroy their credit. If suspicious circumstances are found, immediately call the 165 anti-fraud hotline or the 110 police hotline, and the police will strictly investigate and promptly handle all types of illegal cases. (Editor: Chang Ya-ching) 1150512
Choose to stand with the facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency 'First-hand News' APP to get the latest news instantly.
No text, images, or audio/video on this website may be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
(Central News Agency reporter Huang Li-yun, Taipei, 12th) A telecom fraud and money laundering group led by Su, a member of the Bamboo Union gang, acquired 12 struggling companies and changed their nominal responsible persons to apply for corporate certificates and other accounts, which were then resold for fraud and money laundering, handling over 100 million NTD. Taipei City Police arrested and sent 24 suspects for prosecution.
The Criminal Investigation Division of the Taipei City Police Department today issued a press release stating that they had previously received reports from victims of fraud. After continuous tracking of the money flow, they discovered that the fraudulent funds flowed into several company accounts, realizing something was amiss, and immediately expanded the investigation.
Upon investigation, it was understood that this telecom fraud and money laundering group was led by Su, a man in his 40s who is a member of the Bamboo Union gang. Its members spanned multiple counties and cities, and since September 2023, they successively acquired a total of 12 struggling enterprises; they also sought out economically vulnerable groups, acquiring their accounts for 1,000 to 2,000 NTD to serve as nominal representatives.
Subsequently, Su and others cooperated with accountants to change the registration of company responsible persons, and rented short-term physical offices and issued fake transaction contracts to create the illusion of normal company operations, thereby gaining the trust of banks and reducing their vigilance against large abnormal capital flows.
After successfully applying for and activating corporate certificates and other account functions, Su and other suspects then resold the nominal companies to other downstream illegal groups for use in receiving remittances from victims of fake investment and fake police/prosecutor fraud, as well as subsequent money laundering crimes.
Police initially found that over 31 victims were involved in this case, with total financial losses exceeding 100 million NTD; among them, a 60-year-old female homemaker surnamed Chuang from Hsinchu lost as much as 65 million NTD due to fake police/prosecutor fraud, and another female homemaker surnamed Chao from Taipei also lost as much as 48 million NTD.
After long-term investigation, when the time was ripe, several waves of search and seizure operations were launched from December last year to March this year, successfully arresting and sending 24 suspects for prosecution in Taipei and New Taipei cities, including the ringleader Su, group cadres Chen and Yu, and multiple nominal account holders.
At the same time, mobile phones, laptops, registration documents of nominal companies, passbooks, and other evidence were seized, and the court ruled to freeze over 22 million NTD in deposits in the involved accounts.
After questioning, the entire case was transferred to the Taipei District Prosecutors Office for investigation on charges of fraud under the Criminal Code, the Money Laundering Control Act, and the Fraud Crime Prevention Act. Su, Chen, and Yu were detained and prohibited from communication by the prosecutor and approved by the court.
Chief Ding Jing of the City Criminal Investigation Division stated that statistics from the "Anti-Fraud Dashboard" in April this year show that Taipei handled a total of 1,540 fraud cases, with financial losses exceeding 804.7 million NTD; among them, fake investment fraud accounted for 124 cases, with financial losses reaching over 256.86 million NTD (accounting for about 32% of the total financial losses).
Chief Ding mentioned that recently, fraud groups often use the names of celebrities, financial experts, or artists to spread false advertisements through social platforms, guiding the public to "fake investment websites" and "fake investment applications (APPs)" with high returns as bait, inducing people to remit, transfer, and hand over money, causing severe property losses. He advised the public to follow legitimate channels and platforms for investment.
Chief Ding reminded the public that providing personal or company accounts to others for use may not only make them accomplices in crime but also destroy their credit. If suspicious circumstances are found, immediately call the 165 anti-fraud hotline or the 110 police hotline, and the police will strictly investigate and promptly handle all types of illegal cases. (Editor: Chang Ya-ching) 1150512
Choose to stand with the facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency 'First-hand News' APP to get the latest news instantly.
No text, images, or audio/video on this website may be reproduced, publicly broadcast, or publicly transmitted and used without authorization.