Financial Backer of Fake Withdrawal Crime Syndicate Detained and Held Incommunicado by Taipei District Court
Prosecutors detained the suspected mastermind financial backer of Taiwan's largest investment fraud ring, which scammed over NT$15.8 billion from over 5,000 victims using fake apps.
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- 📰 Published: April 10, 2026 at 11:24
- 🔍 Collected: April 10, 2026 at 12:00 (36 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 08:06 (236h 5m after Collected)
The Taipei District Prosecutors Office, conducting the "Operation Cut Gold," uncovered Taiwan's largest "fake withdrawal" crime syndicate, indicted 80 defendants including the main suspect Ou Yu-tong, and sought a sentence of over 25 years in prison for Ou. The Taipei District Court determined that the crime syndicate defrauded victims of over NT$15.8 billion, and sentenced Ou to 24 years in prison last November.
According to police and prosecutor investigations, Ou and others formed a criminal syndicate. Members of their telecommunications fraud room used illegal communication systems from internet service providers to set up over 2,230 fake investment websites and applications. They deceived victims into handing over investment funds, then remitted "withdrawals" into designated accounts to create a false illusion of actual profits, leading victims to mistakenly believe the fake sites were legitimate investment channels and continuously pour in large amounts of money.
Statistics from the prosecutors show that between May 1 of the 113th year of the Republic (2024) and January 7 of the 114th year (2025), the total amount of fake withdrawals reached over NT$850.17 million, with a total of 5,080 victims.
The Taipei District Prosecutors Office continued its upstream tracing and found that a man surnamed Wang was allegedly the financial backer behind the fraud ring. On the 8th, prosecutors directed the Criminal Investigation Corps of the New Taipei City Police Department, armed with a court-issued search warrant, to search six locations, including the residences and companies of Wang and related persons. They also arrested Wang and brought him to the prosecutors' office for further questioning. Early this morning, after questioning, the prosecutor filed a motion with the Taipei District Court to detain Wang and hold him incommunicado, citing his heavy suspicion of committing crimes such as organized crime, fraud, and money laundering. The court approved the motion. (Edited by Li Shu-hua) 1150410
According to police and prosecutor investigations, Ou and others formed a criminal syndicate. Members of their telecommunications fraud room used illegal communication systems from internet service providers to set up over 2,230 fake investment websites and applications. They deceived victims into handing over investment funds, then remitted "withdrawals" into designated accounts to create a false illusion of actual profits, leading victims to mistakenly believe the fake sites were legitimate investment channels and continuously pour in large amounts of money.
Statistics from the prosecutors show that between May 1 of the 113th year of the Republic (2024) and January 7 of the 114th year (2025), the total amount of fake withdrawals reached over NT$850.17 million, with a total of 5,080 victims.
The Taipei District Prosecutors Office continued its upstream tracing and found that a man surnamed Wang was allegedly the financial backer behind the fraud ring. On the 8th, prosecutors directed the Criminal Investigation Corps of the New Taipei City Police Department, armed with a court-issued search warrant, to search six locations, including the residences and companies of Wang and related persons. They also arrested Wang and brought him to the prosecutors' office for further questioning. Early this morning, after questioning, the prosecutor filed a motion with the Taipei District Court to detain Wang and hold him incommunicado, citing his heavy suspicion of committing crimes such as organized crime, fraud, and money laundering. The court approved the motion. (Edited by Li Shu-hua) 1150410