Prosecutors, Police, and Investigators Raid Four Seas Gang's 'Fraud Money Laundering Den'! Uncover $840 Million in Illegal Funds, Curb Offshore Election Interference

In preparation for the 2026 local elections, Taiwan's Premier Cho Jung-tai instructed prosecutors, police, and investigators on July 20 to crack down on election gambling and curb foreign election interference. Today (22), authorities announced the dismantling of a domestic fraud cash-out operation linked to organized crime and an international money laundering network.

Prosecutors revealed that due to the involvement of the Four Seas Gang—one of Taiwan's four major criminal organizations—a special joint task force was formed. Over three waves of operations, 32 locations were raided, approximately 30 suspects were detained or questioned, and illegal financial flows totaling $273.45 million USD (approximately NT$8.4 billion) were uncovered. Over NT$100 million in illicit proceeds were seized.

The Keelung District Prosecutors Office has indicted five individuals—Huang Shun-jen, Chiu Ching-lin, and Chang Kung-ming among them—on charges including money laundering, organized crime, and gambling. Sentences ranging from 8 to 2 years in prison have been requested.

In recent years, fraud and gambling syndicates have increasingly collaborated with gang organizations to launder money. Authorities suspect that funds related to Chinese interference in Taiwan's elections and election betting are flowing through these underground channels, prompting intensified crackdowns ahead of the elections.

According to the Investigation Bureau, Huang and others established or acquired 63 shell companies, opened bank accounts, and collaborated with multiple fraud groups in New Taipei, Taichung, and Chiayi to launder proceeds from drug trafficking, online gambling scams, investment fraud, job scams, and e-commerce fraud.

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