Reported about 1 year ago
The Criminal Investigation Bureau urged the public not to easily trust high-profit investment messages, as they have received reports of people falling victim to fake investment scams and being persuaded to mortgage their properties for loans. Scam groups operate through fake investment apps or websites, initially offering small profits to entice victims to invest more, then demanding large amounts of guarantee money or service fees when victims try to withdraw their profits. One victim in Tainan was swindled of over 12 million New Taiwan dollars by mortgaging her property for a fake investment scheme. The bureau warns that scam groups often use enticing short-term profit ads on social media to lure victims into mortgage scams, urging caution and advising investments through authorized financial institutions approved by the Financial Supervisory Commission to protect investors' rights.
Source: YAHOO