Reported 12 months ago
Taipei City Police's Criminal Police Squadron Two recently cracked down on a fake investment scam, where a group posted misleading advertisements online claiming guaranteed profits from investing in stocks. Victims were lured to click on a link in the ad, download a fake investment app, and transfer money to a fraudulent account, resulting in an estimated loss of over NT$36 million. The group set up a collection agency under the guise of assisting in applying for youth entrepreneurship loans, recruited individuals with intentions of forgery and fraud to serve as representatives, and established dummy companies and financial accounts to be used as fraudulent accounts for victims' transfers. Fourteen suspects were apprehended, and evidence including mobile phones, computers, tablets, counterfeit money printers, company registration documents, bank books, and ATM cards were seized. The court ordered the freeze of NT$21.9 million. The Taipei City Criminal Police Squadron will continue to crack down on various illegal activities and safeguard public safety, urging the public to invest through legal channels and be cautious of scams, especially when involving elderly family members. Citizens are advised to report suspicious activities to the authorities for further investigation and to maintain social order and security.
Source: YAHOO