Another alarming scam has emerged in Taiwan. The case uncovered by the New Taipei City police involves a senior executive of a biotech company, who was deceived into losing 59 million New Taiwan Dollars in just a year and a half. The entire scheme can be described as an "upgraded" version of fraud.

The story is as follows: the victim was initially lured in by a fake app claiming to facilitate encrypted trading. Seeing high returns in their account, they became increasingly convinced and continued to invest more, ultimately losing over 50 million in deposits. But the scammers didn't stop there; they became even more ruthless. They changed tactics, claiming they could help the victim "recoup losses," and then introduced the victim to a self-proclaimed notary named Dandan (a man surnamed Su, 52 years old).

This "notary" was incredibly professional—creating a seemingly legitimate land transaction process, preparing legally binding promissory notes and mortgage agreements. The victim was gradually drawn in, from having their online assets drained to real estate being tied up offline. In plain terms, the scam group is now not only fishing online but has upgraded to targeting high-net-worth individuals for "comprehensive asset liquidation."

From online asset draining to offline asset stripping, this combined approach is extremely dangerous. Everyone should stay highly vigilant when dealing with any investment channels.