TAIWAN AND CHINA CRACK DOWN ON PYRAMID SCAM REVIVAL
January 1st, 2013 TAIWAN’s Ministry of Justice (MoJ) has warned people against a fast-reviving investment fraud being operated through Nanning in China’s Guanxi Zhuang autonomous region. In the scam organised by mainly Taiwanese crooks, Taiwanese people are invited to Nanning to hear extended high-pressure presentations promising quick, 100-fold returns on investments of little more than USD 10,000 for fictitious development schemes. Retired Chinese police officers and judiciary are recruited to make presentations. Investors are also given the false impression that investments ...
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