$8.3B Fraud<\/strong><\/h2>\nAs well as operating online gambling platforms, Chau and other Suncity officials were charged with swindling the Macau government out of HK$8.2 billion (US$1.1 billion) in tax revenue.<\/p>\n
Between 2013 and 2021, Suncity offered many of its VIP clients illicit \u201cunder-the-table\u201d bets. These involved multiplying stakes on official wagers placed by clients at Macau casinos, which would be settled later, tax-free.<\/p>\n
In October 2023, Macau\u2019s Court of Second Instance affirmed Chau\u2019s 18-year sentence, but quashed his fraud conviction while letting the other convictions stand. Unfortunately for Chau, it also tripled damages he and Suncity were liable to pay to Macau\u2019s government to US$3.2 billion.<\/p>\n
Macau\u2019s Court of Final Appeal upheld that ruling this week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau\u2019s highest court has rejected an appeal by fallen junket king Alvin Chau to reduce his 18-year sentence for illegal gambling and criminal association. The ruling marks the end of the road for Chau, who has launched multiple appeals since his January 2023 sentencing, all now exhausted. As founder, chairman, and CEO of Macau\u2019s biggest […]<\/p>\n","protected":false},"author":36,"featured_media":324449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,21,60],"tags":[82344,91574,91575,82652],"acf":[],"yoast_head":"\n
Alvin Chau 18-year Sentence Appeal Fails in Macau Highest Court<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n