Career
Oung served in the Legislative Yuan from 1993 to 1996. Oung"s father founded Hualon Textile in 1967. In 1992, Andrew Oung was jailed in an insider trading and price manipulation scandal, in part because the $22 million Hualon planned on investing in the stock market were never paid.
The debts continued growing.
When Oung declared bankruptcy in 1994, he owed various creditors over $152 million. He was again sent to prison in 2010 for fraud leading to the bankruptcy proceedings.
Oung served over half of a two-year sentence before being paroled in 2011. The next year, former employees at Hualon"s Toufen factory organized protests, alleging that they were owed $22 million in lost wages and pensions due to Hualon"s bankruptcy.
