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I used to work in this industry. It pretty much all started with this group of 'Fujian bosses' who set up these 'scam parks.' They were trying to wash money bac

I used to work in this industry. It pretty much all started with this group of 'Fujian bosses' who set up these 'scam parks.' They were trying to wash money back to China and came up with all sorts of ways to do it, usually by pretending to be online gambling companies. The people actually doing the scams are on the Thai border, in Myanmar, and Cambodia. The IT and tech staff... well, some are in the parks, but a lot of them are in Taiwan. (I've also heard some are in Japan, singapore, malaysia and the UK). The money gets laundered through all kinds of channels into different tax havens. It might pass through Taiwan—'cause, you know, China can't touch it there and the money looks clean—and then it goes on to China or Singapore... basically, right into those bosses' pockets. Inside those parks, there's literally no law. I'm talking beatings, slavery, human trafficking, forcing people into prostitution, and death... that's just everyday stuff there. As for me, I was working in Taiwan, so the worst thing that happened to me was just not getting the high pay they promised. Other than that, I was fine. This is all stuff I either heard from other people in the business or saw firsthand.

ValentineC 1y ago
> The money gets laundered through all kinds of channels into different tax havens. It might pass through Taiwan—'cause, you know, China can't touch it there and the money looks clean—and then it goes on to China or Singapore... basically, right into those bosses' pockets. Singapore cracked down on a huge part of that: https://en.wikipedia.org/wiki/2023_Singapore_money_laundering_case https://en.wikipedia.org/wiki/2023_Singapore_money_launderin... Funny how the banks let these money launderers go on with their activities for years, most likely because they paid the banks their share of fees and commissions.
- kuangtsao 1y ago
  they use crypto for part of the money, too. I even heard some of the guys in the industry back then got paid in USDT.
- noobermin 1y ago
  That's alright, when one falls, 3 others from China will be come in and restart the scheme anew.
davidjytang 1y ago
> They were trying to wash money back to China Surely you meant they were trying to wash money out of China.

ValentineC 1y ago

> The money gets laundered through all kinds of channels into different tax havens. It might pass through Taiwan—'cause, you know, China can't touch it there and the money looks clean—and then it goes on to China or Singapore... basically, right into those bosses' pockets. Singapore cracked down on a huge part of that: https://en.wikipedia.org/wiki/2023_Singapore_money_laundering_case https://en.wikipedia.org/wiki/2023_Singapore_money_launderin... Funny how the banks let these money launderers go on with their activities for years, most likely because they paid the banks their share of fees and commissions.

kuangtsao 1y ago
they use crypto for part of the money, too. I even heard some of the guys in the industry back then got paid in USDT.
noobermin 1y ago
That's alright, when one falls, 3 others from China will be come in and restart the scheme anew.

davidjytang 1y ago

> They were trying to wash money back to China Surely you meant they were trying to wash money out of China.