What kind of fraud did the Absolute Energy Group commit?

The Absolute Energy Group engaged in investment fraud, illegally raising funds by promising high returns on virtual currency and clean energy technology investments. They also conducted cryptocurrency investment fraud using a DEFI lending platform.

How much money was defrauded in this case?

NT$277.3 million was illegally raised in the initial investment fraud, and over NT$5 billion was defrauded from nearly 1,000 people through cryptocurrency investment fraud.

AI News NQ Analysis

Absolute Energy Fraud Case: Taipei Prosecutors Detain 6 Defendants Including COO

NQ Score 100/100

AI Summary (NQ-processed)

Taipei prosecutors indicted 17 individuals, including Chiu Chih-hao, for the Absolute Energy Group's illegal fundraising of NT$277.3 million through investment fraud. The group allegedly lured 316 investors with promises of high returns on cryptocurrency and clean energy technology. They are also suspected of defrauding nearly 1,000 people of over NT$5 billion between 2022 and 2025 through cryptocurrency investments (EGT, TBT) and a DEFI lending platform. Six defendants, including the COO surnamed Lee, have been detained.

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Frequently Asked Questions

Q: What kind of fraud did the Absolute Energy Group commit?: A: The Absolute Energy Group engaged in investment fraud, illegally raising funds by promising high returns on virtual currency and clean energy technology investments. They also conducted cryptocurrency investment fraud using a DEFI lending platform.
Q: How much money was defrauded in this case?: A: NT$277.3 million was illegally raised in the initial investment fraud, and over NT$5 billion was defrauded from nearly 1,000 people through cryptocurrency investment fraud.