Tianyi Financial Suspected of Illegally Raising Over NT$3 Billion; CEO Indicted, Faces 12-Year Sentence
Tianyi Financial's CEO, Mr. Wen, and others were indicted for illegally raising over NT$3 billion from more than 1,000 investors through fraudulent principal-guaranteed, high-yield investment schemes. The Taipei District Prosecutors Office seeks a 12-year prison term for Wen.
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- 📰 Published: June 12, 2026 at 12:13
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(Central News Agency, Taipei, 12th) Mr. Wen, the responsible person of Tianyi Financial Company, and others launched multiple investment products, claiming principal protection, to solicit investments from the public, allegedly illegally raising over NT$3 billion. The Taipei District Prosecutors Office today indicted 11 people, including Mr. Wen, for violating the Banking Act and other crimes, and sought a 12-year prison sentence for Mr. Wen.
According to the indictment, Mr. Wen established Tianyi and other companies in 2012. Under the guise of operating accounts receivable business in mainland China, they designed and developed financial products such as "Liboduo" and "Jialibao," as well as a service website called "Fund Captain." These specifically included various principal-guaranteed, fixed-interest loan plans like "Liboduo No. 1."
Prosecutors pointed out that Mr. Wen and others falsely claimed that Tianyi held a license for accounts receivable business approved by the Chinese government. They advertised that Taiwanese investors could lend money to Tianying Company to earn interest rates as high as 7% to 12% per annum, significantly above market rates. They promised full principal redemption upon maturity, claiming the funds would be lent out for accounts receivable business in China, thereby soliciting funds from unspecified members of the public.
According to prosecutor statistics, over 1,000 people participated in the investment. Based on funds remitted to four accounts of Tianyi Company from January 2014 to May 2019, provided by the Central Bank's Foreign Exchange Department, the total amounted to USD 100,546,341, equivalent to approximately NT$3,016,390,244.
The Taipei District Prosecutors Office today indicted 11 people, including Mr. Wen, for violating the Banking Act. The prosecutor argued that Mr. Wen masterminded the entire illegal fundraising structure, causing significant damage to property rights and financial order. Given the severity of the case and the enormous amount involved, the court was asked to sentence Mr. Wen to at least 12 years in prison. The prosecutor also sought 9-year sentences for three accomplices, including a general manager surnamed Gao. (Editor: Zhang Mingkun) 1150612
According to the indictment, Mr. Wen established Tianyi and other companies in 2012. Under the guise of operating accounts receivable business in mainland China, they designed and developed financial products such as "Liboduo" and "Jialibao," as well as a service website called "Fund Captain." These specifically included various principal-guaranteed, fixed-interest loan plans like "Liboduo No. 1."
Prosecutors pointed out that Mr. Wen and others falsely claimed that Tianyi held a license for accounts receivable business approved by the Chinese government. They advertised that Taiwanese investors could lend money to Tianying Company to earn interest rates as high as 7% to 12% per annum, significantly above market rates. They promised full principal redemption upon maturity, claiming the funds would be lent out for accounts receivable business in China, thereby soliciting funds from unspecified members of the public.
According to prosecutor statistics, over 1,000 people participated in the investment. Based on funds remitted to four accounts of Tianyi Company from January 2014 to May 2019, provided by the Central Bank's Foreign Exchange Department, the total amounted to USD 100,546,341, equivalent to approximately NT$3,016,390,244.
The Taipei District Prosecutors Office today indicted 11 people, including Mr. Wen, for violating the Banking Act. The prosecutor argued that Mr. Wen masterminded the entire illegal fundraising structure, causing significant damage to property rights and financial order. Given the severity of the case and the enormous amount involved, the court was asked to sentence Mr. Wen to at least 12 years in prison. The prosecutor also sought 9-year sentences for three accomplices, including a general manager surnamed Gao. (Editor: Zhang Mingkun) 1150612
FAQ
How much money did Tianyi Financial illegally raise?
Approximately NT$3.016 billion (about USD 100.5 million).
Who are the main defendants?
11 people were indicted, including the responsible person surnamed Wen and a general manager surnamed Gao.
What was the modus operandi?
They falsely claimed to invest in accounts receivable in China and sold principal-guaranteed, high-yield products promising 7-12% annual interest.