Taiwan among many Asian investors potentially scammed by UK company  

Investors tried to withdraw their money after minimum investment required suddenly tripled but failed

Taiwan News 
Date: 2018/03/16
By: Renée Salmonsen, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — The UK Financial Conduct Authority (FCA) is officially investigating an unregulated company backed by Asian investors, including Taiwanese investors.

The company, Financial.org, has investors from seven Asian countries: Taiwan, China, Malaysia, Singapore, Vietnam, Thailand, and the UAE, according to CNA. The company also sponsors a British Formula One team, Williams Martini Racing.

According to a Reuters report, the company gave the investors an ultimatum. If the investors do not increase their minimum investment from US$3,000 to US$10,000 by March 31, Financial.org will take 20% of their money and close their accounts.

The notice of the investment increase was posted on a member’s only section of the website. According to screenshots sent by investors to Reuters, investors who tried to withdrawal their money have been unsuccessful.    [FULL  STORY]