Absolute Energy Pyramid Scheme: Taipei Prosecutors Office Again Detains 2 Salespersons

AI Summary (NQ-processed)

The Taipei District Prosecutors Office indicted the Absolute Energy Group for illegally raising over NT$277.3 million since March 2023 through fraudulent investment schemes, falsely claiming investments in virtual currency and clean energy with high annual returns. The scheme, which defrauded 316 victims, was a typical 'robbing Peter to pay Paul' operation. Additionally, between 2022 and 2025, the group lured nearly 1,000 people into investing in virtual currencies EGT and TBT via a DEFI lending platform, promising monthly interest of 3% to 7%, defrauding over NT$5 billion. Prosecutors have indicted 17 individuals, including the main suspect Chiu Chih-hao, and have re-detained six, including the operations director surnamed Lee, along with salespersons surnamed Cho, Lee, and Chan.