Reported 12 months ago
A billionaire surnamed Li in Taipei, who owns a real estate business worth billions, was conned out of 1.5 billion NTD by a fraud ring impersonating the financial expert Xie Jinhe, whom he had allegedly met at a social gathering. Over three months, Li met face-to-face and transferred the money believing in the fake Xie Jinhe's investment opportunities, only to realize later that he had been scammed. Investigations have led to arrests and the case is still expanding.
Source: YAHOO