Macau Crime Boss Plans New Crypto-Venture
Wan Kuok-koi is a former crime boss of crime mafia based out of Portugal. The massive gang lost its head when their leader was jailed for a myriad of crimes in 1998. Released in 2012, he had served fourteen years for crimes related to the running of the organization. He plans to create a headquarters within Cambodia, as a part of an ongoing effort to establish a cultural organization.
The plan is to build a town of Chinese culture within Cambodia, in order to spread knowledge relating to Chinese culture to towns all over the world. This latest effort represents a diverging from the traditional economic involvements of the former mafia boss, who had previously been interested primarily in the casino business.
But the expansion comes at an interesting time for the leader. Rumors from several reputable sources outline that he had may have made a significant amount of money when a cryptocurrency company with which he is in business took off, earning him a reported USD $320 million. With this kind of financial windfall, it is no secret why he would become interested in expanding his financial involvements to other areas of the world.
The company also has expressed desires to release their own cryptocurrency, as well as expand into additional businesses, including hotels, casinos, and e-commerce businesses. Furthermore, the organization plans to open up a company called the “Hongmen Security Company,” which would be tasked with expanding businesses involved in China’s “Belt and Road Initiative,” meant to help assist in global trade proliferation.
Law Enforcement Interest
Because of his heavy involvement in crime for the better portion of his life, the recent movements and rumors of cryptocurrency involvement have both drawn the interest of law enforcement personnel within Hong Kong.
One law enforcement professional, who had spent two decades with the police force that eventually took down the mob boss, used the word “astonishing” to describe the recent moves of the mob boss, especially in the cryptocurrency realm. Part of the reason for the interest is that the Macau legislators seem to be taking a hard stance on cryptos, working diligently to regulate the currencies which have taken over parts of the financial sector.
Perhaps the sketchiest part of the former boss’s newest business venture is the area of interest, Cambodia. When he was put away the first time nearly thirty years ago, it was for conspiracy to import a variety of military-grade weapons from Cambodia to Macau that got him caught. The confidential police source which outlined his astonishment also called it “unusual” that the history of the criminal involvements of the mafia boss had been somewhat forgotten by some relevant parties.
It is now Cambodia, the very place which the mob boss desired to ship illegal contraband to years ago, is the target of the mob boss’s latest business ventures. This all follows the explosion of cryptocurrency presence in his own wardrobe. Although to some this may seem as a simple coincidence, to others it may appear to be the front for a massive criminal operation—with cryptos as the key money laundering tool. Perhaps only time will tell.