On June 28, 2016, police in Dongguan City, Guangdong Province (China) searched the home of a pregnant woman. There, the police discovered a huge amount of cash hidden around the house. A handbag contained up to 400,000 yuan (about 1.3 billion VND). In addition, the police also found 8 mobile phones and 9 bank cards at this woman's home.
At the same time, another team of agents was also sent to the grocery store of Ms. Yuan (60 years old) and her son Lam (30 years old) in Dongguan for a search. On the second floor of the store, the police discovered that Ms. Yuan's safe contained about 2 million yuan in cash (about 6.8 billion VND). In Lam's wardrobe, there was also a giant safe containing 4 million yuan (about 13.7 billion VND) and more than 800,000 HKD (about 2.5 billion VND).
The police analyzed that with her main job of selling groceries, Ms. Vien could not have earned 6.8 billion VND so quickly. At the same time, Lam's son and the pregnant woman were both unemployed, so possessing such a large amount of money was somewhat suspicious.
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The journey to find the mastermind
The Dongguan City police searched the pregnant woman’s house and the home of Ms. Yuan and her son for a reason. Before that, the police discovered many suspicious transactions in the bank account of an unemployed man named Chung. Since the beginning of 2016, the number and value of transactions through this person’s bank account has skyrocketed. There are transactions worth tens of millions, even hundreds of millions of yuan per day. Many of these transactions were transferred to the account of Lam (30 years old) - Ms. Yuan’s son.
The banking transactions between Chung and Lam often took place over several hours each day and ranged from hundreds to thousands of yuan. In just six months, Lam's total bank card transactions amounted to more than 400 million yuan (about 1,300 billion VND).
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Although Lam and Chung were arrested, the police knew that there was another person behind the crime, Luu. This person had done money transactions with Lam and Chung. Although they knew Luu was the ringleader and had his home address, arresting him was not easy.
During the investigation, the police discovered that Liu had a 24/7 surveillance camera installed in front of his house. This hindered the search process, so they decided to monitor him for a while longer. Accordingly, Liu often carried black bags when leaving the house and met other people in hard-to-reach places.
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When meeting the other party, Liu first handed over the black bag, then received a piece of paper from the other party. The police determined that this could be an illegal transaction between Liu and the other party. Inside the black bag could be cash, and the paper could be a bank draft or some kind of document.
Police once again investigated Liu's bank statements and discovered that, although the transaction amounts were very large, they were only kept in the account for a short time and transferred to Hong Kong (China) shortly afterwards.
The police then continued to monitor and investigate, and eventually discovered a pregnant woman who, although not working, had tens of millions of yuan in cash. The police confirmed that the entire group, under Liu's leadership, was involved in illegal foreign exchange transactions.
Dense network of operations
Upon further investigation, the police confirmed that the number of people involved in the case was much larger than expected. The subjects Liu, Lam and Chung not only operated the case themselves but also had the participation of family members and many acquaintances. For example, Ms. Vien and her children and the pregnant woman - Liu's ex-wife.
In order to avoid information leakage, the police carefully drafted an action plan and decided to launch a unified campaign on June 28. On this day, the police separately arrested the people involved and seized a large sum of money at the scene. After investigation, it was found that the transaction volume of Liu and his accomplices had reached 16 billion yuan (about 54 trillion VND).
After being arrested, Liu said that he got involved in this foreign exchange transaction by chance. A few years ago, he met a friend who ran a factory and needed to exchange money urgently. At that time, Liu had some cash on hand, so he helped this person immediately. As a thank you, Liu's friend gave him a large sum of money. Recognizing the opportunity to "get rich", Liu agreed to cooperate long-term. Liu said that it usually took a week for customers to exchange foreign currency through official channels, but when working with him, the exchange time would be faster.
Photo: Toutiao
After a period of operation, Liu had many people coming to do business. These days, people do not like to transfer money online but prefer to use cash. This is the reason why the police found tens of millions in cash. Later, when there were many customers, Liu lured his sister, brother and others to join. Only when they were arrested did they realize that what they were doing was illegal. The subjects involved in the above case have all been arrested and held responsible before the law.
Arbitrary foreign exchange trading is a type of illegal financial activity, which refers to organizations or agencies using informal channels to transfer money, launder money and evade supervision. This activity seriously disrupts the financial order and poses a threat to a country's financial security and economic stability.
According to Toutiao
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