Apr 22, 2016

Taiwan wire fraud suspects have confessed, Chinese police say

A Chinese police official says all 45 Taiwanese wire fraud suspects detained in Beijing after their deportation from Kenya have confessed to their crimes and will be put on trial. The official Xinhua News Agency on Friday quoted Chen Shiqu of the Public Security ...

Apr 18, 2016

China steps up war of words with Taiwan over fraud suspects

China on Monday stepped up its war of words with Taiwan after Taipei freed 20 suspects in a telecom fraud case linked to China, with state media accusing Taiwan of tolerating crime and being taken hostage by anti-Chinese forces. Malaysia had deported the 20 ...

Apr 4, 2016

Pair's assets targeted over FX trading scam

The Nagoya District Public Prosecutor’s Office is set to seek a court order to freeze the assets of two individuals accused in a multibillion-yen currency investment fraud case, informed sources said Monday. The two, including Masaaki Ito, 48, the manager of an investment seminar ...

Feb 1, 2016

China arrests 21 over $7.6 billion Ponzi scam

Chinese authorities have arrested 21 people on suspicion of defrauding around 900,000 people of more than 50 billion yuan ($7.6 billion), state media reported, after an online peer-to-peer lender turned out to be a giant Ponzi scheme. Ezubao offered investors annual returns of between ...

Jan 28, 2016

Fraud losses in 2015 decline for first time in six years

Losses caused by confirmed fraud cases in Japan fell 15.7 percent to ¥47.7 billion in 2015, declining for the first time in six years, the National Police Agency said Thursday. The losses in so-called special fraud cases, such as swindling people by impersonating their ...