Investigators said the group allegedly impersonated financial expert Lee Shu-fang (李蜀芳) to lure victims into Line groups, where members played multiple roles to create the impression of a legitimate investment community. The victim realized it was a scam only after being asked to pay tens of millions of New Taiwan dollars in “processing fees,” police said. Separately, in another suspected investment scam, the Taipei District Court yesterday approved prosecutors’ request and detained four suspects, while releasing two others on bail of NT$500,000 and NT$100,000 respectively. The Absolute Energy scheme, launched in 2023, claimed to invest in cryptocurrency and clean energy, promising returns of 25 to 42 percent. It was later found to be a Ponzi scheme that defrauded 316 people out of a combined NT$270 million.

Source: Taipei Times April 11, 2026 17:13 UTC