Millionaire from Taiwan operated over 500 illegal gambling sites

A multimillion company from Taiwan is being accused of operating an illegal network of several hundreds of gambling sites. After the man was the focus of authorities in the beginning of last year, he fled, and was only arrested last November. Now he is standing trial for operating illegal gambling sites, as well as money laundering.

The newspaper “Focus Taiwan” reported lately about this unusual case. Thus the famous billionaire Chuang Chou-Wen is liable to prosecution after operating several hundred of illegal gambling platforms. The rich entrepreneur is the President of the stock exchange listed company Xinliwang International Holdings Company Ltd.

Billionaire has operated illegal gambling network

The accused Chou-Wen has apparently operated an illegal gambling platform and is liable to prosecution for operating illegal gambling and money laundering. In all he seems to have operated 532 illegal gambling sites. Besides he organised and operated over 50 so called online gambling providers. A few weeks ago we reported, that Casino-operators as well as gamblers can face a death penalty in Iran.

He was supported by 31 employees. Most users of illegal online casinos are coming from the Chinese parts. According to our information, the billionaire operated no illegal casinos in Europe. The resourceful entrepreneur seems to have opened over several hundred dummy accounts and transferred the funds received from gambling from China to Taiwan, which funds were then laundered there.

In January 2020 investigations by the authorities had already led to the multimillion businessman. Subsequently, the latter disappeared and was on the run for several months. Chou-Wen was then arrested in November 2020. Several intensive investigations followed, these led to the confiscation of, among others, 41 properties with a total value of nearly 39 million euro, as well as 13 high quality luxury cars. 

Further to this, the investigators found that the accused was in possession of nearly 38 million in cash, distributed in various currencies. These were also confiscated. The money laundering, was carried out in an office building the city of Taichung, according to the investigators. In total, around 1,77 billion Euro which were generated form the illegal gambling sites were laundered.

Chou-Wen-Group asserts innocence

The Xinliwang International Holdings Company Ltd. is currently supporting its president. In an actual statement, the group announced, that Chou-Wen was innocent. Further to this, the company referred to the honorary title, which the famous billionaire had earned in the past.

Conclusion

The famous Taiwanese billionaire Chuang Chou-Wen is being accused of operating several hundred illegal gambling sites on the internet. Further to this, he is facing prosecution for money laundering of several millions. Now he has to testify in court for his deeds. In the case of a conviction, the rich entrepreneur can face several years in prison. A judgement will soon be expected. It is also remains to be seen, if he then will still stay at the helm. 

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