Reported 12 months ago
On July 3, 2024, undercover police surrounded and arrested a man suspected of being involved in a fake investment fraud scheme along with a former boxing national athlete in New Taipei City. The suspect was accused of using friends to carry out fraud, acquiring dummy accounts to launder fraudulent funds for an illegal group, with unexpected accomplices including the former boxer who had achieved 5th place in the Doha Asian Games over a decade ago. The investigation revealed a widespread scam involving various deceptive tactics, exploiting even youth entrepreneurship loans. The main suspect manipulated unsuspecting individuals through false investments, ultimately facilitating over 36 million NT of illicit money flow for the fraudulent organization. The police operation led to the apprehension of 14 suspects, the seizure of over 20 million NT in cash, mobile phones, bank passbooks, and ATM cards, indicating the prevalence of deceptive practices in the country.
Source: YAHOO