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🇹🇼 Taiwan /Crime & Justice

Consultant Defrauds 25 People of $6.6 Million with Fake School Investment Scheme

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Outcome reported
  • A consultant defrauded 25 people out of 47.94 million yuan by falsely promising investment returns from a new school.
  • The consultant, Wu Shuling, claimed annual dividends of 10 million yuan from the "Dan Hai Carl International Experimental Education School."
  • A court found Wu used an impossible investment scheme to deceive victims.

A consultant has been accused of defrauding 25 individuals of a significant sum, totaling 47.94 million yuan (approximately $6.6 million USD). Wu Shuling, head of Carl Consultants, which specializes in study abroad services, allegedly lured investors with promises of substantial returns from a new educational institution.

Wu claimed that investing in the "Dan Hai Carl International Experimental Education School" would yield annual dividends of 10 million yuan. This enticing offer led numerous people to invest, believing they would profit from the school's development. However, the scheme appears to have been based on false pretenses.

The Hsinchu District Court determined that Wu's investment plan was based on an impossible scenario. The court found that she used this fabricated opportunity to deceive the victims, leading to their financial losses. The case highlights the risks associated with investment schemes, particularly those promising exceptionally high returns.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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