Enticed by money, and what was worse, is that he'd, abused his clients', trust too! Bank fraud, embezzling money from his clients, this is a crime of opportunity, because he worked as a financial advisor in the banking industry, off of the Front Page Sections, translated…
The former financial advisor from Taishin Bank, Chou stole a total, of $350,000,000N.T.s from the savings of six VIP customers of the bank, other than using the amount to cover the losses of his own investments, he'd also taken the money to purchase the mansion, the high-end car, and gotten himself hookers at the bar, the Highest Court found him for breaking the laws of Banking, sentenced him to eleven years six months, and confiscated the total of $1.73 million U.S., and over $280 million N.T.s, and returned the amount he'd stolen back to the bank's clients.
In June of 2003, Chou started working as the teller, financial advisor, consultant of finance, and other positions in the bank, and offered the consultations to the clients on their investments, and worked on his clients' behalf to purchase, to sell the mutual funds and stocks and options.
From 2008 to 2020, Chou used the opportunity in selling the products of investment or the services, or in his privately assisting the clients to invest, used the excuse of making the paperwork less straining, he'd demanded that the clients signed or stamped on the blank withdrawal slips, and, used the internet banking systems, wired out the million dollar limits every time to someone else's account, then, back into his own account.
And afterwards, the bank got the complaints of how the client's account had lost about $10 million N.T.s, they'd investigated, and found that the funds that Chou oversaw, wasn't withdrawn by the clients themselves, and notified the Financial Supervisory Commission.
The D.A. investigated and found that there were, SIX clients who'd lost their savings, and stated that Chou showed NO remorse, without any intentions of paying back his clients and the bank, that he'd worked hard, to get rid of his own assets so he wouldn't have to pay, asked the courts to give him a sentence of ten or more years. The first trial found Chou guilty for breaking the specialty banking laws and forgery, to ten years six months, and that the amount he'd illegally gained, was to return back to the victims. The second trial gave him twelve years four months, and the verdict was tossed back to retry again.
The retrial of the first, Chou changed his statement into admitting, but didn't believe that his crime would fall under the specialty trust clause, the first retrial considered that Chou is an employee of the bank, to illegally get the money, he'd not honestly fulfilled his responsibilities to his clients, abused his clients' trusts, to steal their money, disregarded the law, and the assets of others, scammed a total of over $295 million N.T.s, and more than $1.73 million U.S., and of the total he'd scammed, more than $15.62 million N.T.s, was mandated to be returned to his clients.
The first retrial found, that Chou finally admitted to wrongdoing, that he'd paid the interests to the victims for the amounts he'd scammed them out of, returned partial of what he'd scammed back, but couldn't make up for the damages he'd caused the bank, changed his sentence to eleven years six months, the Highest Courts found that the verdict was just, and tossed back the appeal.
It's still, GREED that's caused this man to commit this crime, he'd broken the trust of the clients have for him, and for the bank also, damaging the banks reputation, and now, he is to pay back the clients for what he'd stolen, he's lucky that the bank did NOT sue him too!
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