The China Post news staff
The China Post news staff–The Criminal Investigation Bureau (CIB) arrested a local fraudster after he took a leaf from the Nigerian fraud playbook to con NT$4.6 million from a Taiwanese businessman in New Taipei City on Dec. 7. The businessman surnamed Chen reported to the CIB’s International Criminal Investigation Brigade after he lost contact with Lin Kun-cai (林坤財), a 49-year-old man who claimed to be a well-funded IT entrepreneur with a Ph.D. in information engineering from the “UOW University” in the U.S. Lin promised to invest NT$100 million in Chen’s coal mine business in China but asked Chen to first pay him millions in New Taiwan dollars for interest and as “incentives” to speed up the approval of funds from the United Nation. To back up his claim, Lin showed off his purported wealth by dazzling Chen with photos of him holding hundreds of thousands of U.S. dollars worth of gold sand and gold bars as well as documents of wealth from several African countries.
Lin, however, disappeared after receiving NT$4.6 million from Chen. Tipped off by Chen, CIB officers apprehended Lin in New Taipei City on Dec. 7.