Taipei-Five people were arrested in Taipei Monday on suspicion of fraud against residents of China, the Criminal Investigation Bureau (CIB) said Tuesday.
The suspects were arrested during a raid on an apartment in Taipei's Zhongshan District, which was believed to be the base of a crime operation targeting citizens of China, the CIB said.
One of the five suspects had a criminal record of fraud and was believed to be the ringleader, according to the CIB.
It said the suspects allegedly had been making calls to random people in China, pretending to be bank workers and offering low-interest loans.
If the targets took the bait, they would then be asked to deposit a sum of money into their own accounts and provide the "bank" with the online password to the account, investigators said.
Once the money had been deposited, the suspects allegedly would then swiftly transfer it out of the target's account, according to the CIB.
It said it was still investigating how much money the suspects had made from the alleged scam and whether there were others involved.
During the raid, Taipei police seized a computer, nine mobile phones, a modem, a router, a fraud tactic manual that taught tactics in baiting the people to fall victim to their scheme, a stack of information about alleged victims in China, four promissory notes, and NT$20,000 (US$675) in cash, the CIB said.
Source: Focus Taiwan News Channel