Fraud Group Combines Fake Investments with Fake Cryptocurrency Dealers to Swindle, Yunlin Prosecutors Indict 10
The Yunlin District Prosecutors Office has investigated a fraud group that combined fake investment schemes with fraudulent cryptocurrency dealers, indicting 10 individuals, including the group's Taiwan regional leaders, on charges of fraud.
📋 Article Processing Timeline
- 📰 Published: April 29, 2026 at 12:37
- 🔍 Collected: April 29, 2026 at 13:01 (24 min after Published)
- 🤖 AI Analyzed: April 29, 2026 at 13:05 (3 min after Collected)
Central News Agency
(Yunlin County, April 29, Central News Agency reporter Chiang Yi-ching) A fraud group led by a man surnamed Zeng used a scheme combining fake investments with fake cryptocurrency dealers for in-person transactions. The Yunlin District Prosecutors Office directed a special investigation team to collect evidence, arresting 10 individuals, including the Taiwan regional leaders Mr. Chuang and Mr. Liu. The investigation has now concluded, and these 10 individuals have been indicted on charges including fraud.
The Yunlin District Prosecutors Office issued a press release today, stating that a fraud group was engaged in fraudulent activities in the Yunlin area. Prosecutor Lin Po-yu led a special investigation team composed of the Second Investigation Brigade of the Yunlin County Police Bureau Criminal Investigation Division and the Huwei Sub-Bureau to handle the case.
The special team began its investigation in October last year, starting with grassroots couriers Ms. Shen (44), Mr. Kuo (40), and Mr. Huang (47). Tracing the connections, they identified another Mr. Zeng (37), who was responsible for collecting fraud proceeds from couriers at the scene and monitoring, as well as an upper-level cadre, Mr. Lin (31), who was responsible for overall coordination and recruiting Mr. Zeng.
After successive arrests by prosecutors and police, Ms. Shen and others were deemed to have committed serious offenses including organized crime, aggravated fraud, and money laundering. They were detained by the Yunlin District Court, and Ms. Shen, Mr. Zeng, and Mr. Lin were granted detention and have been formally charged.
Prosecutors and police continued to expand their investigation to trace the origins of the fraud. In January this year, they arrested Mr. Chuang (26) and Mr. Liu (27), who were the Taiwan regional leaders of this fraud organization. The group's mastermind, a man surnamed Zeng (28), remotely controlled the fraud operations from abroad, and prosecutors have issued an arrest warrant for him.
Prosecutors and police investigated and found that Mr. Chuang and Mr. Liu were respectively responsible for recruiting monitors and money collectors, and fully controlled the verification of fraud proceeds and salary distribution. They were core members of the organization. After questioning by prosecutors, their detention was approved by the Yunlin District Court. Subsequently, several more money collectors were apprehended.
Prosecutors stated that the fraud group first stole social media accounts of victims' relatives and friends to 'gain trust,' inducing them to download fake investment apps. Then, they arranged for couriers to impersonate 'physical cryptocurrency dealers' for multiple in-person transactions, creating the illusion of profit.
Prosecutors and police have identified four victims aged 30 to over 40, one of whom invested as much as NT$15.8 million over several months. The investigation recently concluded, and Mr. Chuang, Mr. Liu, and 10 others were indicted on charges including fraud and violations of the Money Laundering Control Act. (Editor: Lee Shu-hua) 1150429
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(Yunlin County, April 29, Central News Agency reporter Chiang Yi-ching) A fraud group led by a man surnamed Zeng used a scheme combining fake investments with fake cryptocurrency dealers for in-person transactions. The Yunlin District Prosecutors Office directed a special investigation team to collect evidence, arresting 10 individuals, including the Taiwan regional leaders Mr. Chuang and Mr. Liu. The investigation has now concluded, and these 10 individuals have been indicted on charges including fraud.
The Yunlin District Prosecutors Office issued a press release today, stating that a fraud group was engaged in fraudulent activities in the Yunlin area. Prosecutor Lin Po-yu led a special investigation team composed of the Second Investigation Brigade of the Yunlin County Police Bureau Criminal Investigation Division and the Huwei Sub-Bureau to handle the case.
The special team began its investigation in October last year, starting with grassroots couriers Ms. Shen (44), Mr. Kuo (40), and Mr. Huang (47). Tracing the connections, they identified another Mr. Zeng (37), who was responsible for collecting fraud proceeds from couriers at the scene and monitoring, as well as an upper-level cadre, Mr. Lin (31), who was responsible for overall coordination and recruiting Mr. Zeng.
After successive arrests by prosecutors and police, Ms. Shen and others were deemed to have committed serious offenses including organized crime, aggravated fraud, and money laundering. They were detained by the Yunlin District Court, and Ms. Shen, Mr. Zeng, and Mr. Lin were granted detention and have been formally charged.
Prosecutors and police continued to expand their investigation to trace the origins of the fraud. In January this year, they arrested Mr. Chuang (26) and Mr. Liu (27), who were the Taiwan regional leaders of this fraud organization. The group's mastermind, a man surnamed Zeng (28), remotely controlled the fraud operations from abroad, and prosecutors have issued an arrest warrant for him.
Prosecutors and police investigated and found that Mr. Chuang and Mr. Liu were respectively responsible for recruiting monitors and money collectors, and fully controlled the verification of fraud proceeds and salary distribution. They were core members of the organization. After questioning by prosecutors, their detention was approved by the Yunlin District Court. Subsequently, several more money collectors were apprehended.
Prosecutors stated that the fraud group first stole social media accounts of victims' relatives and friends to 'gain trust,' inducing them to download fake investment apps. Then, they arranged for couriers to impersonate 'physical cryptocurrency dealers' for multiple in-person transactions, creating the illusion of profit.
Prosecutors and police have identified four victims aged 30 to over 40, one of whom invested as much as NT$15.8 million over several months. The investigation recently concluded, and Mr. Chuang, Mr. Liu, and 10 others were indicted on charges including fraud and violations of the Money Laundering Control Act. (Editor: Lee Shu-hua) 1150429
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The text, images, and audio/video of this website may not be reproduced, publicly broadcast, publicly transmitted, or used without authorization.