The Pingtung County Field Office of the Ministry of Justice Investigation Bureau (MJIB) recently received report that youngsters Tien ***-xian and others have been enjoying a lavish lifestyle with luxury automobiles through illegally acquired money. The case was reported to Prosecutor Liu Jun-yi of the Pingtung District Prosecutors Office, who then directed the investigation. It was found in the case that since October 2016, a total of seven suspects, including Tian ***-xian, Xu ***-lin, and Xu ***-hong, have been involved in fraud against numerous and random individuals by peddling to them a sham financial program called "A*** Group Financial Plan." The plan claimed that an investment of USD10, 000 per lot guaranteed immediate monthly return of 3 percent, which was convertible to TWD10, 000. However, on 25th December 2017 the payments abruptly ceased, by which time the total fraud income had amounted to over TWD30 million. During this period, the methods of fraud underwent changes as well. In August 2017, an online financial consulting agency called "Wu Hui Ren Sheng" was established on the social networking website Facebook, with Tian ***-xian acting as the leader and Xu ***-lin in charge of the finances. The group sought to recruit new members from the general public by masquerading themselves as futures consultants or investment experts. They claimed to manage funds in futures trading on behalf of the prospective members, and guaranteed returns as well as principals and interests to attract interest widely from the public; while margin trading in foreign exchange were conducted with USD1, 000 per lot, and investors paid operation fee of TWD6, 000 monthly. The current method is to recruit through the unauthorized operation of trading, futures-managing and consulting businesses. More than 100 individuals from around the country had joined, and the amount of illegal handling of funds has reached TWD117.63 million.
On June 14th, the Pingtung County Field Office of MJIB carried out a search in seven locations including offices and homes of the gang on Hesheng Road, Pingtung City. Meanwhile, the seven suspects, including Tian, were brought back to the Pingtung County Field Office of MJIB for interviewing. After the prosecutor's questioning, Tian***-xian, Xu ***-lin, and Xu***-hong were suspected of violating the Banking Act and the Futures Trading Act, and of the risk of fleeing and collusion. Therefore, on June 15, the prosecutors applied for detention to the Pingtung District Court, which approved it in due course. None of the seven suspects that form the gang reaches 30 years of age or has legitimate employments. Their extravagant lifestyles are marked by their luxury automobiles and brand clothes. To protect the victims' right to claiming for recoveries, MJIB has seized all luxury cars owned by the suspects, including two new Porsche sports cars, one Mercedes, one BMW, as well as youngsters' favorites, one "Mazda 3" and one Suzuki.
The MJIB would like to advise the public that most financial investment commodities guaranteeing returns contain fraud. To protect individual property and interest, judicious selection of financial means and careful financial management are therefore recommended.