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Home >> Life
UPDATED: 08:42, June 27, 2007
Elderly woman loses 20 million in savings to phone swindlers
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According to the Taiwanese media, an elderly woman named Ms. Yang, from Taipei, was the victim of organized crime last month. The criminals, under the pretense of being agents from a financial ministry and other government-related workers, successively robbed Ms. Yang of over NT$20 million (new Taiwanese dollars) of her savings. According to the report, sixty-year-old Ms. Yang began receiving phone calls on May 10th, regarding notices from a Chinese telecommunications company and from an official named "Chen" from Taizhong. The callers informed Ms. Yang that she is linked to a financial incident, and must temporarily freeze her assets. In order to disentangle herself from the situation, Ms. Yang divided NT$11.7million into eight separate payments to the swindlers. She also put the mortgage of her house, worth NT$11.5 million, into an online bank account. Ms. Yang was left with nothing as a result of this case of fraud.

By People's Daily Online

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