Shanghai, Taiwan police bust fraud ring (2)

The fake officer told Gao that someone had used his identity to launder money and he was wanted by authorities. The phony officer asked Gao to cooperate with the investigation and transfer more than 2 million yuan to a bank account. When Gao realized he had been cheated, he called the real police.

The police found that Gao's money had been transferred through the online banking system and had been withdrawn from several automatic teller machines in three regions in Taiwan.

"We found more than 300 bank accounts used by the ring," Ye told the Global Times.

He added that the local police are still waiting for the suspects to be extradited for further investigation.