Taiwan prosecutors indict 14 in $72M money laundering case with 1,500 victims

Taiwanese prosecutors reportedly indicted 14 people in what they say is the country’s biggest-ever cryptocurrency money laundering case, involving more than 1,500 victims and over $70 million in illicit funds.

The Shilin District Prosecutor’s office indicted the 14 on charges related to fraud, money laundering and organized crime, requesting the confiscation of 1.275 billion New Taiwan dollars ($39.8 million), which was allegedly obtained from victims through fraud, according to a Friday report from local media outlet UDN.

Prosecutors also…