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11

Chinese Man Arrested For Allegedly Operating Illegal Gambling Site Worth $62 Billion!

Tags: China, Illegal gambling, Zhou.
Posted on Monday, April 11, 2016 by "T".

Vietnamese authorities have arrested a Chinese man who was suspected to be responsible for running an illegal online gambling site that is worth over a whopping 60 billion dollars. For now, the only three bits of information publicly released about the suspect are that his surname is "Zhou", he is born in 1969, and that he is a Chinese native from Wenzhou City, Zheijang province.

In 2011, Zhou allegedly built and operated the shady site using capital worth $61.8 billion. In 2014, right before he was forced to flee China to escape the law (Interpol included him on their most wanted list in 2014), he made a massive profit worth $89.6 million!

His escape into Vietnam triggered the International Criminal Police Organization to issue a red notice for him. The next year (2015), the Vietnamese government received a formal request for his arrest by the Chinese Ministry of Public Security, to which they fully cooperated.

At the end of March 2016, Zhou was finally caught by a special task force consisting of both Chinese and Vietnamese police officers at a restaurant in an unnamed Vietnamese city, and he was then immediately deported back to mainland China.

Chinese police councilor Zhao Wanpeng said, "Arresting escaped suspects is a cooperation between the two sides. I believe that with the efforts of both sides' police forces we will keep improving the results of our cooperation in the future."

The Chinese government upped the ante on cracking down organized gambling in 2011 after concluding that it was a vice (along with other criminal activities such as prostitution and the selling of explosives and guns online) that needed to be controlled and eliminated.


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8 comments for "Chinese Man Arrested For Allegedly Operating Illegal Gambling Site Worth $62 Billion! "

 bowie19844/11/2016 12:03:26 PM GMT
To be honest nobody could do this kind of operation by himself, let alone without some helpful hands from the local triad members and many corrupt authorities so I guess this poor fella is just the 'fall guy' in this - he is taking the dive for someone else(s) instead.
Sure weird story.
 superthight4/11/2016 6:32:29 PM GMT
well he really earn so much very smart until oneday he was arrested >>?its good news after all and im on the fairness game of his dam casino no matter what ilegal is it dont care ,even casino with tax payer cheats aswell and they never let people win .. Big Smile Big Smile Big Smile Big Smile Big Smile
 pochui4/11/2016 7:24:47 PM GMT
a gambling site worth 62 billion dollars? really? amaya paid for pokerstars/riverstars/jokerstars "only" 5 billions and that is a mind blowing figure... and we are talking about a leading poker site... now some unknown dude somehow operates illegal gambling site worth 62 billions and no one notices it for years? really? i have a feeling that there are way too many zeros in the valuation
 Mysik864/12/2016 8:54:49 AM GMT
Or maybe Chinese with their slant-eyes are too blind for notice that? Blink
 damosk4/12/2016 11:34:04 AM GMT
What a clever man, running all of this on his own. I suppose he was running it from the spare room of a rented house somewhere that was shared with 300 other people who he didn't know and had Nora who they were and incidentally who have not since been located by the authorities.
 bowie19844/12/2016 1:08:40 PM GMT
Posted by pochui:
a gambling site worth 62 billion dollars? really? amaya paid for pokerstars/riverstars/jokerstars "only" 5 billions and that is a mind blowing figure...

Maybe australian or canadian dollars? Big Smile
I think it might be in 'yuan' tbh, just the meaning lost when they translated the original article.
 klash234/12/2016 4:53:05 PM GMT
I am with Bowie on this one....no way can one guy operate this kind of operation,some countries don't have that kind of money floating around.....or maybe it is just a few Chinese billionaires having a home game with their petty cash!
 bowie19844/14/2016 1:18:17 PM GMT
Posted by klash23:
...or maybe it is just a few Chinese billionaires having a home game with their petty cash!

If that would be the case they would do it in Macau IMO, and not online. I think asians like gambling but they probably don't really like the soulless and less adrenaline rushy aspects of doing it online.

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