Source: Global Times [Global Times Comprehensive Report] Taiwan’s “Supervision Office” passed an investigation report conducted by “Supervision Committee Member” Cai Chongyi and others on the 13th, pointing out that telecommunications fraud cases have increased instead of decreas

Source: Global Times

[ Global Times Comprehensive Report] Taiwan's "Supervision Office" passed an investigation report conducted by "Supervision Committee Member" Cai Chongyi and others on the 13th, pointing out that telecommunications fraud cases have increased instead of decreasing during the epidemic. In the first half of this year, there were 1,066 investment fraud cases, with property losses exceeding NT$670 million.

report stated that according to statistics from Taiwan’s “Police Affairs Bureau”, there were as many as 2,550 investment fraud cases from January to July 2021, causing property losses of nearly NT$900 million. Most fraud groups play the "beauty card" and claim to "guaranteed profit" through groups such as Line and Telegram. Chuangxun and LINE often receive investment messages such as winning stocks and brokerage recommendations. The "Supervisory Committee" said that the "Xinjiang Administration" not only needs to develop, supervise and manage the legal financial market, but also has no choice but to act illegally and inviting investment fraud that disrupts market order. It should actively and actively carry out pre-provisional administrative investigations and collect criminal information, and then transfer them to the investigation. But in fact, the "Xinjiang Administration" has been in a state of passive acceptance of relevant reports from 2017 to June 2022, and information that induces people to invest is still rampant in daily life. They admitted that the current illegal forms of investment fraud are diverse. Through networking and technology, through dense division of labor and skillful methods, they also use online virtual currency to launder money to avoid fund investigation, which makes it more difficult to seize criminal proceeds.

Taiwan Criminal Police Bureau previously analyzed that there is a trend of increasing investment fraud cases, which may be related to factors such as the conflict between Russia and Ukraine, the U.S. rate hike , the island's inflation , and the spread of the epidemic. They have caused the Taiwan futures index and stock stock price to plummet, giving fraud groups an opportunity to take advantage of the panic mentality of investors, and claiming to "make steady profits without losses", attracting people to invest and operate stocks. Public TV News Network analyzed that after the outbreak of the new crown pneumonia epidemic, many physical activities have been transferred online, which has also accelerated the spread of fraud crimes. (in name)