Fake romance investment scam: two businesswomen lose NT$140 million, 22 arrested

Aug 20, 2026

A cross-border scam ring in Taiwan tricked more than a dozen people out of over NT$160 million by posing as online friends before pitching fake investments, and police have now rounded up the crew.

  • Two women running businesses in central Taiwan were hit hardest, losing over NT$140 million between them.
  • The scam followed a familiar script: build trust through friendly chat, then steer victims into a fake investment platform.
  • Victims only realized the money was gone when they tried to withdraw their supposed profits and could not.
  • Police worked up the chain from cash couriers caught at handover meetings to the lookouts and collectors above them.
  • The 20-year-old ringleader fled into the mountains of Pingtung and was cornered by a drone tracking him from the air while officers closed in on the ground.

Outlook: Five suspects including the ringleader are being charged first, with the rest of the 22 arrested still under investigation.

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