Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, July 14, 2010 Forfeiture Complaint Seeks to Recover Bribery Proceeds Paid to Former Taiwan President and His Family
WASHINGTON – Today, the U.S. government filed civil forfeiture complaints against properties in New York and Virginia that represent a portion of illegal bribes paid to the former president of Taiwan and his wife, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and Director John Morton of U.S. Immigration and Customs Enforcement (ICE). The forfeiture actions were filed in U.S. District Court in the Southern District of New York and the Western District of Virginia.
According to the complaints, in 2005 and 2006, Yuanta Securities Co. Ltd., (YSC) was attempting to increase its ownership share of Fuhwa Financial Holding Company Limited (FFHC) on Taiwan. According to the complaints, YSC paid a bribe of 200 million New Taiwan dollars, or approximately $6 million U.S. dollars, to then-first lady Wu Sue-Jen, to ensure that the authorities on Taiwan would not interfere with its acquisition of additional shares and to attempt to establish a relationship with the head of the authorities on Taiwan.
“This case is another good example of the department’s resolve not to allow criminals to profit from their crimes,” said Assistant Attorney General Breuer. “As we saw in this instance, international cooperation is often the key to effective enforcement.”
“This serves as a warning to those corrupt foreign officials who abuse their power for personal financial gain and then attempt to place those funds in the U.S. financial system,” said John Morton, Homeland Security Director for ICE. “ICE’s Homeland Security Investigations agents will continue to work with our law enforcement partners both here and abroad to investigate and prosecute those involved in such illicit activities and hold corrupt foreign officials accountable by denying them the enjoyment of their ill gotten gains.”
According to the complaints, Wu Sue-Jen orchestrated the movement of funds from Taiwan by using shell companies, created in the British Virgin Islands and the Island of Nevis, which held Swiss bank accounts controlled by her son, Chen Chih-Chung, aka Bryan Chen, and his wife Huang Jui-Ching. According to the complaints, a portion of these bribe proceeds were then transferred from Switzerland to the United States and used to purchase a condominium in Manhattan and a house in Keswick, Va. According to the complaints, Chen Chih-Chung and Huang Jui-Ching wanted to purchase the properties while concealing their ownership in them.
In August 2008, Chen Chih-Chung and Huang Jui-Ching returned to Taiwan to face money laundering charges based on their participation in this and other schemes. Both were subsequently convicted. Chen Chih-Chung is currently sentenced to 14 months in prison and Huang Jui-Ching is sentenced to 12 months in prison. Both are also currently under indictment in Taiwan on additional money laundering charges.
The former president and his wife were convicted in Taiwan on Sept. 11, 2009, for bribery, embezzlement and money laundering. They are currently sentenced to 20 years in prison. Their convictions were upheld on appeal and are now pending before the Supreme Court in Taiwan. Wu Sue-Jen previously pleaded guilty to other money laundering and forgery charges and was also convicted of perjury. The former president and his wife are also currently under indictment in Taiwan for additional alleged acts of graft and money laundering.
The Department of Justice and ICE worked closely with the Taiwan Supreme Prosecutors Office, Special Investigation Division to gather and exchange evidence regarding the money laundering that took place in this case to support the forfeiture of these funds.
The case is being prosecuted by Deputy Chief Linda M. Samuel of the Criminal Division’s Asset Forfeiture and Money Laundering Section. The investigation was conducted by the Foreign Corruption Investigations Group and the Asset Identification and Removal Group of ICE’s Homeland Security Investigations, Miami field office, in cooperation with prosecutors in Taiwan. Indispensible assistance was also provided by the ICE Attaché in the Hong Kong. 10-812 Criminal Division
If you're looking to get the most value for your dollar, it would do your wallet good to check out secondhand options. Many used goods still have plenty of life left in them even years after the original purchase, and they're usually resold at a fraction of the retail price, to boot. Here's a list of 21 things that make for a better deal when you buy them used.
1. DVDs and CDs: Used DVDs and CDs will play like new if they were well taken care of. Even if you wind up with a scratched disc and you don't want to bother with a return, there are ways to remove the scratches and make the DVD or CD playable again.
2. Books: You can buy used books at significant discounts from online sellers and brick-and-mortar used book stores. The condition of the books may vary, but they usually range from good to like-new. And of course, check out your local library for free reading material.
3. Video Games: Kids get tired of video games rather quickly. You can easily find used video games from online sellers at sites like Amazon and eBay a few months after the release date. Most video game store outlets will feature a used game shelf, as well. And if you're not the patient type, you can rent or borrow from a friend first to see if it's worth the purchase.
4. Special Occasion and Holiday Clothing: Sometimes you'll need to buy formal clothing for special occasions, such as weddings or prom. Most people will take good care of formal clothing but will only wear it once or twice. Their closet castouts are your savings: Thrift stores, yard sales, online sellers and even some dress shops offer fantastic buys on used formalwear.
5. Jewelry: Depreciation hits hard when you try to sell used jewelry, but as a buyer you can take advantage of the markdown to save a bundle. This is especially true for diamonds, which has ridiculously low resale value. Check out estate sales and reputable pawn shops to find great deals on unique pieces. Even if you decide to resell the jewelry later, the depreciation won't hurt as much.
6. Ikea Furniture: Why bother assembling your own when you can pick it up for free (or nearly free) on Craigslist and Freecycle? Summer is the best time to hunt for Ikea furniture--that's when college students are changing apartments and tossing out their goodies.
7. Games and Toys: How long do games and toys remain your child's favorite before they're left forgotten under the bed or in the closet? You can find used children's toys in great condition at moving sales or on Craigslist, or you can ask your neighbors, friends, and family to trade used toys. Just make sure to give them a good wash before letting junior play.
8. Maternity and Baby Clothes: Compared to everyday outfits that you can wear any time, maternity clothes don't get much wear outside the few months of pregnancy when they fit. The same goes for baby clothes that are quickly outgrown. You'll save a small fortune by purchasing gently used maternity clothes and baby clothes at yard sales and thrift stores. Like children's games and toys, friends and family may have baby or maternity clothing that they'll be happy to let you take off their hands.
9. Musical Instruments: Purchasing new musical instruments for a beginner musician is rarely a good idea. (Are you ready to pay $60 an hour for piano lessons?) For your little dear who wants to learn to play an instrument, you should see how long his or her interest lasts by acquiring a rented or used instrument to practice with first. Unless you're a professional musician or your junior prodigy is seriously committed to music, a brand new instrument may not be the best investment.
10. Pets: If you buy a puppy (or kitty) from a professional breeder or a pet store outlet, it can set you back anywhere from a few hundred dollars to several thousand dollars. On top of this, you'll need to anticipate additional fees and vet bills, too. Instead, adopt a pre-owned pet from your local animal shelter and get a new family member, fees, and vaccines at a substantially lower cost.
11. Home Accent: Pieces Home decorating pieces and artwork are rarely handled on a day-to-day basis, so they're generally still in good condition even after being resold multiple times. If you like the worn-out look of some decor pieces, you can be sure you didn't pay extra for something that comes naturally with time. And don't forget, for most of us, discovering a true gem at a garage sale is 90% of the fun!
12. Craft Supplies: If you're into crafting, you probably have a variety of different supplies left over from prior projects. If you require some additional supplies for your upcoming project, then you can join a craft swap where you'll find other crafty people to trade supplies with. If you have leftovers, be sure to donate them to your local schools.
13. Houses: You're typically able to get better and more features for your dollar when you purchase an older home rather than building new. Older houses were often constructed on bigger corner lots, and you also get architectural variety in your neighborhood if the houses were built or remodeled in different eras.
14. Office Furniture: Good office furniture is built to withstand heavy use and handling. Really solid pieces will last a lifetime, long after they're resold the first or second time. A great used desk or file cabinet will work as well as (or better than) a new one, but for a fraction of the cost. With the recession shutting down so many businesses, you can easily find lots of great office furniture deals.
15. Cars: You've probably heard this before: Cars depreciate the second you drive them off of the dealership's lot. In buying a used car, you save money on both the initial cost and the insurance. It also helps to know a trusty mechanic who can check it over first. This way, you'll be aware of any potential problems before you make the purchase.
16. Hand Tools: Simple tools with few moving parts, like hammers, hoes and wrenches, will keep for decades so long as they are well-made to begin with and are well-maintained. These are fairly easy to find at neighborhood yard or garage sales. If you don't need to use hand tools very often, an even better deal is to rent a set of tools or borrow them from a friend.
17. Sports Equipment: Most people buy sports equipment planning to use it until it drops, but this rarely happens. So when sports equipment ends up on the resale market, they tend to still be in excellent condition. Look into buying used sporting gear through Craigslist and at yard sales or sports equipment stores.
18. Consumer Electronics: I know most folks like shiny new toys, but refurbished electronic goods are a much sweeter deal. Consumer electronics are returned to the manufacturer for different reasons, but generally, they'll be inspected for damaged parts, fixed, tested, then resold at a lower price. Just make sure you get a good warranty along with your purchase.
19. Gardening Supplies: This is an easy way for you to save money, and all you need to do is be observant. Take a look outdoors and you'll likely find such gardening supplies as mulch, wood, and even stones for free or vastly reduced prices. Used garden equipment and tools are also common goods at yard sales.
20. Timeshares: Buying timeshares isn't for everyone, but if you decide that it suits your lifestyle, purchasing the property as a resale would be a better deal than buying it brand new: on average, you'll save 67 percent on the price for a comparable new timeshare. If you're new to timeshare ownership, give it a test run first by renting short term.
21. Recreational Items: It's fairly easy to find high ticket recreational items like campers, boats, and jet skis being resold. Oftentimes, they're barely used at all. As long as they're in safe, working condition, they'll make for a better value when purchased used than new.
President Obama on Friday announced the end of a 22-year ban on travel to the United States by people who had tested positive for the virus that causes AIDS, fulfilling a promise he made to gay advocates and acting to eliminate a restriction he said was “rooted in fear rather than fact.”
President Obama signs the Ryan White H.I.V./AIDS Treatment Extension Act of 2009, which provides medical and support services for those with H.I.V./AIDS.
At a White House ceremony, Mr. Obama announced that a rule canceling the ban would be published on Monday and would take effect after a routine 60-day waiting period. The president had promised to end the ban before the end of the year.
“If we want to be a global leader in combating H.I.V./AIDS, we need to act like it,” Mr. Obama said. “Now, we talk about reducing the stigma of this disease, yet we’ve treated a visitor living with it as a threat.”
The United States is one of only about a dozen countries that bar people who have H.I.V., the virus that causes AIDS.
President George W. Bush started the process last year when he signed legislation, passed by Congress in July 2008, that repealed the statute on which the ban was based. But the ban remained in effect.
It was enacted in 1987 at a time of widespread fear that H.I.V. could be transmitted by physical or respiratory contact. The ban was further strengthened by Congress in 1993 as an amendment offered by Senator Jesse Helms, Republican of North Carolina.
Because of the restriction, no major international conference on the AIDS epidemic has been held in the United States since 1990. Public health officials here have long said there was no scientific or medical basis for the ban.
Under the ban, United States health authorities have been required to list H.I.V. infection as a “communicable disease of public health significance.” Under immigration law, most foreigners with such a disease cannot travel to the United States. The ban covered both visiting tourists and foreigners seeking to live in this country.
Once the ban is lifted, foreigners applying to become residents in the United States will no longer be required to take a test for AIDS.
In practice, the ban particularly affected tourists and gay men. Waivers were available, but the procedure for tourists and other short-term visitors who were H.I.V. positive was so complicated that many concluded it was not worth it.
For foreigners hoping to immigrate, waivers were available for people who were in a heterosexual marriage, but not for gay couples. Gay advocates said the ban had led to painful separations in families with H.I.V.-positive members that came to live in this country, and had discouraged adoptions of children with the virus.
Gay advocates said the ban also discouraged travelers and some foreigners already living in the United States from seeking testing and medical care for H.I.V. infection.
“The connection between immigration and H.I.V. has frightened people away from testing and treatment,” said Rachel B. Tiven, executive director of Immigration Equality, a group that advocates for gay people in immigration matters. She said lifting the ban would bring “a significant public health improvement.”
“Stigma and exclusion are not a sound basis for immigration policy,” Ms. Tiven said.
Senator John Kerry, Democrat of Massachusetts, who led the effort to repeal the ban, said it had now “gone the way of the dinosaur.”
But, Mr. Kerry added, “it sure took too long to get here.”
International health officials said lifting the ban would end a much-criticized inconsistency in United States health policy, with Washington playing a leading role in AIDS prevention in Africa and other countries with severe epidemics, but preserving restrictions that in practice prevented international AIDS researchers and activists from gathering at conferences here.
In 1989, a Dutch AIDS educator, Hans Verhoef, was detained for several days in St. Paul when he tried to attend a conference. Since then, people involved with AIDS issues have not organized meetings here.
“We think this is going to give a very positive image of where the United States is going in terms of eliminating stigma and discrimination in relation to H.I.V.,” Dr. Socorro Gross, assistant director of the Pan American Health Organization, said Friday.
This article has been revised to reflect the following correction:
Correction: November 3, 2009 A picture caption on Saturday with an article about President Obama’s announcing the end of a ban on travel to the United States by people who test positive for HIV misidentified the document Mr. Obama was shown signing. It was the Ryan White H.I.V./AIDS Treatment Extension Act of 2009, which provides medical and support services for those with H.I.V./AIDS; it was not the order ending the travel ban.
