Taipei Prosecutors Detain 9, Including COO, in Absolute Energy Pyramid Scheme Case
NQ Score
100/100
AI Summary (NQ-processed)
Taipei prosecutors are investigating the 'Absolute Energy' pyramid scheme, which allegedly defrauded investors of NT$277.3 million by promising high returns on virtual currency and clean energy investments. The group also enticed nearly a thousand people to invest over NT$5 billion in virtual currencies EGT and TBT through a DEFI lending platform. Prosecutors have indicted 17 individuals and continue to detain key figures.
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Frequently Asked Questions
- Q: What is the Absolute Energy pyramid scheme case?
- A: The Absolute Energy pyramid scheme case involves a group that illegally raised funds by falsely claiming to invest in virtual currencies and clean energy, promising high returns. The total amount defrauded exceeds several billion NT dollars.
- Q: Who has been arrested in connection with this case?
- A: Taipei prosecutors have indicted 17 individuals, including Chiu Chih-hao, and have further detained 9 people, including a COO surnamed Li, in connection with this case.