Reported about 1 year ago
A criminal group led by a couple surnamed Wu in Taiwan claimed to profit from energy-saving boiler projects and boiler fuel business, luring people to invest with high monthly interest rates. They collected over 4.1 billion NTD in 8 years and spent the illegal gains extravagantly. Taipei prosecutors have indicted the Wu couple and two accomplices for violating banking laws and fraud. Investigations revealed their deceiving practices and luxurious lifestyle, leading to assets worth over 196 million NTD being confiscated and legal actions pursued against the couple for the entire 4.1 billion NTD gained unlawfully from 2016 to 2024, seeking restitution and compensation for victims.
Source: YAHOO