It appears Vic Chou and his wife Reen Yu were scammed out of a whopping NTD 34.47 million (approximately US$ 1.1M) in an insurance fraud.
In 2018, Reen reportedly invested in a six-year high value savings insurance from a certain Feng requiring her to pay a premium of more than 6.84 million per instalment. Originally, the amount was supposed to be automatically debited from their account. However, Feng cunningly managed to persuade her to pay the amount in cash instead, claiming that a periodic transfer of 6.84 million might be flagged for money laundering or might lead to an investigation by tax authorities.
Feng’s ploy continued on for a few years with her pretending to pay the insurance company the cash amount she personally collected from Reen. It wasn’t until last year that the deception was discovered when Reen received a notification from the insurance company reminding her to pay. At the time, Feng managed to pass it off as an accounting glitch. However, when Reen once again received another notice despite already handing over another instalment, she finally contacted the company to investigate her case. Turns out Feng hasn’t exactly been handing over the cash premiums she collected and that Reen actually owed the insurance company years in back pay.
Meanwhile, as the story began to trend online, Vic’s management responded to queries saying that the fraud case against Feng has already been handed over to their lawyers and that the justice system has full authority. They also thanked everyone for their concern. Feng has allegedly been prosecuted for five counts of fraud.
Source: 1
HL- Hoh Liu
And the ex-friend ran away to China to enjoy her spoils… Thus she will never be caught.
Lisa
Wow, that’s awful! Ugh this makes me so mad that this person is getting away with it. With the relationship between China and Taiwan being so tense, I doubt Chinese authorities would care to help.
Anon
China has no tolerance for criminals, local or international. Whatever the relationship at the political level, the workings of the administration and executory levels would not be affected unless there is a directive, for eg. if Prez Tsai secretly requested that the person not be found. If the Taiwan police asks for help, it will be given.
So let’s not create or spread rumors . The situation is bad enough without people throwing more fuel on it just for fun.
HL- Hoh Liu
Yes…that is why China is currently the best hideout for those with money…Very sad..
XZF
I think the Vic & Reen was reckless also – with that kind of money you have to check and follow up. Also what kind of insurance company doesn’t send customer payment reminder until like four years later?
Joni
Agreed. They themselves were probably greedy to make a big quick buck. Anyone would be on high alert already when the friend asked for the huge premium in cash with the reason that such high premium might be flagged for money laundering investigation.
HL- Hoh Liu
I too feel they had some responsibilties for their action too..
Anon
Lesson learned- Never ever trust anyone with your hard earned money, not even your family members.
Wowo
Never trust anyone with your money. That “friend” is a manipulative liar!!!!