TAIPEI, Taiwan — Ten men were rounded up in Tainan and Taichung yesterday for cheating a dozen people out of NT$30 million by talking them into investing in a Hong Kong horse-racing league.

A Criminal Investigation Bureau (CIB) spokesman said the scam was masterminded by a suspect, named Lin, 34.

The identities of the other nine were withheld.

Lin was able to persuade the victims to pay advances and commissions for their “investment” in the former British crown colony, the CIB spokesman said.

Moreover, he said, Lin has a criminal record of dope addiction.

CIB agents, with the help of Tainan and Taichung police, made the round-up.

“Most of the money the victims were cheated out of went to China,” the spokesman added.
(Source: The China Post)