A Taiwanese woman who made real money in the stock market lost more than NT$20 million to a fake investment scheme — a warning that even people who spot a scam can be talked back into it.

• She clicked an ad on Facebook using a famous stock investor's photo, then got daily "market analysis" sessions from a fake assistant before and after trading hours.
• Bank staff and police stopped her first two withdrawals and arrested two money mules collecting the cash.
• When she told the chat group it looked like a scam, other members — likely part of the ring — showed fake regulator certificates and convinced her it was legitimate.
• Her account showed NT$50 million in fake profits, but cashing out required a 20% "fee" of over NT$3 million, which she paid and never saw again.
• Keelung logged 157 fraud cases in July with losses near NT$50 million, up from June; fake investments, fake police, and online shopping scams top the list.

Outlook: Fake investment pitches using celebrity faces and forged regulator approval remain the biggest fraud threat in Taiwan, and losses are still climbing month to month.