Date: Sep 17, 2015
TAIPEI, Taiwan – Forex Youth Corps., an online war game platform, was revealed as an
elaborate scam yesterday according to the Ministry of Justice’s (MOJ) Taipei City Investigation Bureau, and is reported to have scammed at least NT$7 billion ($302 million).
The investigation bureau had been receiving reports about a man surnamed Wu, who called himself “Optimus Prime,” a character from the Transformers franchise, since March. Wu wrote his own online game plugin programs, and marketed himself as a “professional forex dealer” to form the Forex Youth Corps.
Wu stated through his promotions in Facebook groups and through direct sales that joining the platform would earn high-profit returns. The get-rich scheme attracted students and young people with generally no experience. Scams reached at least NT$7 billion.
Other methods that the scamming group attempted included sharing information about their luxury life styles and experiences from using the platform on Facebook, ranging from traveling abroad to buying high-priced race cars and motorcycles. [FULL STORY]