Exposing 26 Million False Investment Case | LinKou Police Arrest Fraud Ring Leader and Five Accomplices

Reported 7 months ago

On June 14, 2024, at 10:13 PM, LinKou Police Station cracked down on a major cross-district fraud ring led by a suspect surnamed Xu (male, born in 1976), resulting in victims losing over 26 million New Taiwan Dollars (NTD). The ring used false investment advertisements, deceiving three victims. The police's efforts led to the arrest of six suspects, signaling their determination to combat fraud. The fraud ring, headed by Xu, collaborated with overseas data centers to carry out criminal activities by posing as tech company CEOs, attracting victims through LINE groups. The well-organized ring included members playing different roles and successfully swindled three victims, with the total amount involved exceeding 26 million NTD.

Source: YAHOO

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