Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
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Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
Former Macau triad boss ‘Broken Tooth’ Wan Kuok-koi to use blockchain and overseas Chinese links in Cambodia venture
June 7, 2018
The convicted former Macau triad leader known as “Broken Tooth” is expanding his business interests beyond the casino hub by creating a new headquarters in Cambodia for the cultural organisation he leads.
Wan Kuok-koi – released from jail in 2012 after serving 14 years for gangland crimes including leading the 14k triad society in the former Portuguese enclave – reportedly plans to leverage blockchain technology to “build a Chinese cultural town in Cambodia”. It is part of a plan to spread knowledge of Chinese culture to ethnic Chinese overseas.
The expansion of Wan’s interest, reported by Macau media outlets and confirmed by sources to the Post, comes amid unconfirmed reports that a cryptocurrency launched by a company he is linked with has been one of the biggest earners so far this year, raising US$320 million.
Wan is chairman of the The World Hongmen History and Culture Association, a fraternal Chinese cultural group with tens of thousands of members globally. The association plans to establish schools “to allow ethnic Chinese living in other countries to learn about Chinese culture” .
It also plans to issue its own cryptocurrency and to move into other businesses, such as e-commerce, hotels and casinos. In addition, the association plans to set up the “Hongmen Security Company” to assist businesses expanding through China’s “Belt and Road Initiative” to boost global trade.
A law enforcement source who spent more than 20 years as an officer with the Hong Kong Police Force described the developments as “astonishing” at a time when Macau authorities appear to be taking a tough stance on cryptocurrencies and financial stability.
“I am astonished. For a start, as I understand it, to this day, Wan can’t enter Hong Kong due to his past associations. Also, in the list of charges against him and which led to him being jailed, was a conspiracy to import – from Cambodia to Macau – military-grade weaponry, ammunition and guns to carry out his then-underworld feuds,” the source said.
“It seems all that has been forgotten and it’s business as usual – or unusual.”
http://www.hkfinancialnews.com/former-m ... a-venture/
June 7, 2018
The convicted former Macau triad leader known as “Broken Tooth” is expanding his business interests beyond the casino hub by creating a new headquarters in Cambodia for the cultural organisation he leads.
Wan Kuok-koi – released from jail in 2012 after serving 14 years for gangland crimes including leading the 14k triad society in the former Portuguese enclave – reportedly plans to leverage blockchain technology to “build a Chinese cultural town in Cambodia”. It is part of a plan to spread knowledge of Chinese culture to ethnic Chinese overseas.
The expansion of Wan’s interest, reported by Macau media outlets and confirmed by sources to the Post, comes amid unconfirmed reports that a cryptocurrency launched by a company he is linked with has been one of the biggest earners so far this year, raising US$320 million.
Wan is chairman of the The World Hongmen History and Culture Association, a fraternal Chinese cultural group with tens of thousands of members globally. The association plans to establish schools “to allow ethnic Chinese living in other countries to learn about Chinese culture” .
It also plans to issue its own cryptocurrency and to move into other businesses, such as e-commerce, hotels and casinos. In addition, the association plans to set up the “Hongmen Security Company” to assist businesses expanding through China’s “Belt and Road Initiative” to boost global trade.
A law enforcement source who spent more than 20 years as an officer with the Hong Kong Police Force described the developments as “astonishing” at a time when Macau authorities appear to be taking a tough stance on cryptocurrencies and financial stability.
“I am astonished. For a start, as I understand it, to this day, Wan can’t enter Hong Kong due to his past associations. Also, in the list of charges against him and which led to him being jailed, was a conspiracy to import – from Cambodia to Macau – military-grade weaponry, ammunition and guns to carry out his then-underworld feuds,” the source said.
“It seems all that has been forgotten and it’s business as usual – or unusual.”
http://www.hkfinancialnews.com/former-m ... a-venture/
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
Despite his jail sentence, 'Broken Tooth' was portrayed as a powerful gangster figure by the local media on his release in 2012.
Back story from the same source:
Gangster 'Broken Tooth' Wan Kuok-koi wants quiet post-prison life
1 Dec 2012
"Broken Tooth" Wan Kuok-koi walked free from jail yesterday with the swagger of the notorious gangster he once was.
He may have declared his life of crime is over, but on his release from Coloane's maximum security prison there was no disguising the fact that he still wields plenty of power.
Dozens of journalists waited from midnight to catch a glimpse of Macau's most famous convict, locked up for nearly 14 years for a string of crimes during the 1990s.
A white Lexus LS430 appeared at 6.35am, reversing into the compound where prisoners are released. Two heavily built men got out and stood at the entrance, waiting for their boss.
At 6.50am Wan, 57, emerged and headed quickly for the car. Looking fit and with his hair a youthful black, he jumped into the back. The car sped off, with the media pack in hot pursuit.
Wan was tracked down at the exclusive Pearl On The Lough residential building on the waterfront of Taipa, where he met his mother, other family and friends.
http://www.scmp.com/news/china/article/ ... ison-macau
Back story from the same source:
Gangster 'Broken Tooth' Wan Kuok-koi wants quiet post-prison life
1 Dec 2012
"Broken Tooth" Wan Kuok-koi walked free from jail yesterday with the swagger of the notorious gangster he once was.
He may have declared his life of crime is over, but on his release from Coloane's maximum security prison there was no disguising the fact that he still wields plenty of power.
Dozens of journalists waited from midnight to catch a glimpse of Macau's most famous convict, locked up for nearly 14 years for a string of crimes during the 1990s.
A white Lexus LS430 appeared at 6.35am, reversing into the compound where prisoners are released. Two heavily built men got out and stood at the entrance, waiting for their boss.
At 6.50am Wan, 57, emerged and headed quickly for the car. Looking fit and with his hair a youthful black, he jumped into the back. The car sped off, with the media pack in hot pursuit.
Wan was tracked down at the exclusive Pearl On The Lough residential building on the waterfront of Taipa, where he met his mother, other family and friends.
http://www.scmp.com/news/china/article/ ... ison-macau
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
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- Artful Dodger
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
I roll my eyes......
Water quenches the thirst, alcohol releases the truth.
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
"to build a Chinese cultural town in Cambodia"
Please let it be Sihanoukville. If it's not then this country is lost.
Please let it be Sihanoukville. If it's not then this country is lost.
- bolueeleh
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
chinese triads had been here for the longest time, only now did the media caught on to it
Money is not the problem, the problem is no money
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
draw back the curtain
to be for certain
any dream will do
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
Gonna definetly put my son in chinese school
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
very interesting. So what will his presence and his money bring to Cambodia? Peace and prosperity or not so much?
- frank lee bent
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
VietnamIf it's not then this country is lost.
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Re: Macau Triad Boss, ‘Broken Tooth’ Wan Kuok-koi, Setting Up Business in Cambodia
triads from taiwan, malaysia, singapore, indonesia have been here for many years operating under the radar with money laundering, illegal loan sharking, drugs, even some legit biz like restaurants, discos, KTVs (some that i heard of even ran schools), it is idiots like these china linked triads making big entrance that will bring much difficulty to themselves.
Money is not the problem, the problem is no money
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