The onetime Tak Chun boss was found to have facilitated HK$1.5 billion in covert bets at local casinos over a six-year period.
money laundering
The two were found guilty of bribery, money laundering and other crimes in a graft case involving 19 other defendants.
The defence and the prosecution have concluded their arguments in the case that involves 80 counts of fraud, illicit gambling, and money laundering.
Only ex-boss Levo Chan Weng Lin appears in court, accused of range of crimes from illegal gambling to usury; eight other defendants choose not to attend.
Gamblers sidestepped gaming inspectors’ attempts to enforce law; former Suncity boss denies running illegal online betting in Macao. Case continues today.
One time king of the high rollers faces string of charges including money laundering and illegal betting involving sums up to HK$800 billion.
Gang used virtual currency to launder cash gained from internet and phone swindles; five suspects in Macao face organised crime membership charges.
Court revisited all evidence, including Chang’s travel records and text messages with Ng Kuok Sao, who was given 18-year sentence.
Hong Kong-Macao gang repeatedly bought crypto with money from online scams, resold it overseas and withdrew the profits from ATMs.