Reported 12 months ago
A 72-year-old Taiwanese tycoon was deceived by a fraudulent scheme impersonating financial expert Xie Jinhe, losing 170 million NTD in the largest financial loss due to fake investment fraud in Taiwan's security history. The tycoon, who is involved in various industries such as real estate and hotels, believed he was communicating with Xie Jinhe through LINE, leading to multiple transactions totaling the staggering amount. Authorities have already apprehended several individuals involved in the scam and are expanding investigations. This incident surpasses a previous case where a woman was deceived of 180 million NTD by fake police officers, highlighting the severity of fraudulent activities in Taiwan.
Source: YAHOO