Fraudulent firm crushed

Focus Taiwan
Date: 2015/05/28
By: Liu Shih-yi and Ted Chen

Taipei, May 28 (CNA) The Bureau of Investigation under the Ministry of Justice on 2015052800271Thursday crushed the Maxim Trader Group, a bogus firm that posed as a financial institution affiliated to a Nasdaq-listed international holding company and allegedly swindled more than NT$3 billion (US$97.9 million) from investors.

Investigators summoned a women surnamed Chang (張) who had served as the president of the paper company’s Taiwan office, as well as 10 other suspects.

Raids on 16 locations used by the company by nearly 60 investigators resulted in the seizure of about NT$60 million in cash, a Maserati and a Bentley automobile, a portfolio of real estate deeds and bank accounts and a collection of jewelry.     [FULL  STORY]

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