What were the main fraudulent schemes of the Absolute Energy Group?

The group established websites and held seminars under the guise of investment and wealth management, claiming to invest in virtual currencies and clean energy technologies, selling preferred shares with high annual interest rates to illegally raise funds. They also promoted the purchase of virtual currencies EGT and TBT, and raised funds through a DEFI lending platform.

How much money was illegally raised and how many people were victimized in this case?

NT$277.3 million was illegally raised from 316 victims in the initial fraud. In the cryptocurrency-related scheme, over NT$5 billion was raised, victimizing nearly a thousand people.

AI News NQ Analysis

Absolute Energy Fraud Case: 4 Detained, 2 Released on Bail by Taipei District Court

NQ Score 100/100

AI Summary (NQ-processed)

The Taipei District Prosecutors Office indicted the Absolute Energy Group for illegally raising NT$277.3 million from 316 victims since March 2023, by falsely claiming investments in cryptocurrency and clean energy technologies with high annual returns. The group also allegedly defrauded nearly a thousand people of over NT$5 billion by promoting investments in virtual currencies EGT and TBT through a DEFI lending platform. Key suspects, including Chiu Chih-hao, have been detained.

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Frequently Asked Questions

Q: What were the main fraudulent schemes of the Absolute Energy Group?: A: The group established websites and held seminars under the guise of investment and wealth management, claiming to invest in virtual currencies and clean energy technologies, selling preferred shares with high annual interest rates to illegally raise funds. They also promoted the purchase of virtual currencies EGT and TBT, and raised funds through a DEFI lending platform.
Q: How much money was illegally raised and how many people were victimized in this case?: A: NT$277.3 million was illegally raised from 316 victims in the initial fraud. In the cryptocurrency-related scheme, over NT$5 billion was raised, victimizing nearly a thousand people.