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Asia
 

Philippines arrests 44 from China, Taiwan in Internet fraud

Published on Jul 10, 2014 5:25 PM
 

MANILA (AFP) - Forty-two Taiwanese and two Chinese suspects have been arrested in the Philippines over a sophisticated Internet scam targeting compatriots back home, police said Thursday.

The suspects - who posed as police officers, prosecutors, judges and anti-money laundering officials - cheated people from Taiwan and China out of their money by claiming they could safeguard their cash, a police statement said.

The scammers would allegedly convince their victims that their bank accounts were being used for money-laundering and that their assets could be protected if they transferred all their money to accounts owned by the fraudsters, police added.

"The syndicates... usually go to the Philippines as tourists and rent houses in posh (housing projects)" where they set up their illegal operations, a police statement said.

 
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