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Taiwan police arrest 14 suspects for scamming over 100 crypto investors

September 8, 2021
Source: reporterwings.com reporterwings.com
News Snapshot:
[Crypto currency] Taiwan police arrest 14 suspects for scamming over 100 crypto investors Taiwan’s police administration has reportedly arrested 14 people for running a $5.41-million (150 million New Taiwan dollars) investment scam over the past year, involving more than 100 cryptocurrency investors. CIB investigator Kuo Yu-chih [said](//www.taipeitimes.com/News/taiwan/archives/2021/09/06/2003763889) that the scam was led by a local businessman named Chen, who ran the operation on social media platforms. Chen was also reportedly running Azure Crypto Co, a Taipei-based platform that offered various investment services, including cryptocurrency transactions. He explained: “Chen and his staff set up Web sites, and allegedly used photographs of...
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Tags: arrested | Azure | bitcoin | blockchain | commission | crime | criminal | crypto | cryptocurrency | currency | Ethereum | finance | financial | fintech | fraud | government | index | investment | investor | LED | police | social media | Taipei | Taiwan | United States

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