Reported 8 months ago
A couple surnamed Zhou exploited an insurance loophole from 2014 to 2023, obtaining over 50 million in fraudulent insurance claims by faking injuries such as 'falling down' while using public transportation. They purchased a villa, farmhouse, land in Hualien and invested in Chinese medicine, expensive bird nests, and 260 gold bars, valued at 23.92 million. After investigation, the couple was arrested for fraud and money laundering, with multiple insurance companies affected by their scheme.
Source: YAHOO