NT$50 Million Taiwanese Bitcoin Investment Scam Swindles 1000 Investors
A local report has revealed that a Taiwanese couple has allegedly defrauded over 1,000 people in Taiwan with the promise of a large-yield bitcoin investment that quickly proved to be a scam. A Ponzi scheme disguised as a high-yield investment program promoted by a couple simply known with the surname ‘Shi’ have defrauded over a thousand investors in Taiwan. The high-yield investment scheme promised a 250% return on Bitcoin invested, within a month and was marketed through locally popular messaging app LINE. Higher returns beyond 250% were promised over a longer period of time. Local....
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