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INTEL
PIG BUTCHERING: now the #1 loss category in the US by estimated volume / HUSHPUPPI: the Instagram that became the evidence -- Case 001 open / BEC: one spoofed email, one wire, seven figures -- see the methodology / ROSS ULBRICHT: full pardon January 21 2025 after 11+ years -- Case 013 open / ALL FIGURES LABELED: estimate vs conviction vs market collapse -- see Methodology / UNODC 2023: $5.4B estimated annually from SE Asia pig-butchering compounds [UNVERIFIED] / PIG BUTCHERING: now the #1 loss category in the US by estimated volume / HUSHPUPPI: the Instagram that became the evidence -- Case 001 open / BEC: one spoofed email, one wire, seven figures -- see the methodology / ROSS ULBRICHT: full pardon January 21 2025 after 11+ years -- Case 013 open / ALL FIGURES LABELED: estimate vs conviction vs market collapse -- see Methodology / UNODC 2023: $5.4B estimated annually from SE Asia pig-butchering compounds [UNVERIFIED]
COMPANY · GROUP/MALWARE

Ming family syndicate

🇲🇲 Laukkai, Kokang, Shan State, Myanmar · FOUNDED 2015
THE FIGURE
~$1.4B
More than ¥10 billion of telecom-fraud and gambling funds the court found the family's compounds handled; not a loss figure.
WHAT IT SAID IT WAS

One of Kokang's 'four families', from Laukkai, with its own militia and business empire in casinos and property.

WHAT IT REALLY WAS

Per the Wenzhou court, an armed crime group that from 2015 built compounds in Laukkai, Shiyuanzi and Chinshwehaw and sold financiers protection to run telecom fraud and gambling; 14 Chinese citizens died at its hands.

THE STORY

The Ming family, led by Ming Xuechang, was one of the four clans that carved up Kokang after 2009, and from 2015 built walled compounds at Laukkai's Crouching Tiger Villa and elsewhere where trafficked Chinese ran telecom and investment fraud under the family's armed protection. When compound guards shot fleeing workers in October 2023 China issued wanted notices for Ming Xuechang, his son Ming Guoping, daughter Ming Julan and granddaughter Ming Zhenzhen; the patriarch died during the arrest and the others were handed over. The Wenzhou court sentenced 11 to death in September 2025 for homicide, fraud and running casinos, and China executed them on 29 January 2026.

WHO RAN IT
Ming family syndicate ▸
the syndicate itself · open the case file
patriarch — died (reported suicide) as police moved to arrest him, November 2023
son; ran the compounds — sentenced to death 29 September 2025; executed 29 January 2026
Ming Zhenzhen
granddaughter; managed operations — sentenced to death; executed 29 January 2026
WHO WAS HURT
Chinese victims of telecom fraudtrafficked workers — 14 Chinese citizens killed, per the court
HOW IT ENDED
Founded
2015
Based
Laukkai, Kokang, Shan State, Myanmar
Ended
2023-11
How
dismantled — Chinese wanted notices November 2023; Ming Xuechang died during arrest; family handed to China; compounds seized in Operation 1027

Wenzhou Intermediate People's Court, 29 September 2025: 11 sentenced to death (including Ming Guoping and Ming Zhenzhen), five to suspended death sentences, others to prison; funds involved put at over ¥10B. Appeals rejected 25 November 2025; the Supreme People's Court approved the sentences and the 11 were executed on 29 January 2026.

SOURCES
caixinglobal.com/2026-01-29/china-executes-11-in-myanmar-border-scam-scnn.com/2026/01/29/china/china-scams-myanmar-ming-family-intl-hnkoccrp.org/en/news/china-sentences-16-members-of-myanmar-crime-syndicat
Facts as published in court records, regulator releases and the sources above. Anyone charged and not convicted is alleged only.
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