Taipei Card Shop Owner Flees with Millions, Leaving Players Devastated
Translated from Chinese, summarized and contextualized by DistantNews.
At a glance
- Taipei's well-known card shop, "Xiao Yang Card Shop," has abruptly closed, with its owner reportedly fleeing the country with customer funds estimated at 300 million NT dollars (approximately $9.3 million USD).
- City councilor Chen Yu-cheng revealed that a VIP group within the shop had members who lost up to 10 million NT dollars each.
- Police have confirmed the owner fled abroad and are investigating the case as fraud, with over 14 individuals already reporting losses at the physical store.
Taipei's prominent card shop, "Xiao Yang Card Shop," abruptly ceased operations on August 3rd, leaving a significant number of players with substantial financial losses. The owner, Zheng Yangyu, is reported to have absconded with customer funds, with initial estimates of the total losses reaching 300 million New Taiwan Dollars (approximately $9.3 million USD).
Taipei City Councilor Chen Yu-cheng has been receiving numerous complaints from affected players. He disclosed that within a VIP LINE group associated with the shop, comprising about 500 members, individuals have lost millions of New Taiwan Dollars, with some single victims losing up to 10 million NTD.
Councilor Chen urged victims to prepare evidence such as remittance records, transaction details, order lists, and communication logs before reporting to the police. He also advised that if police initially refuse to file a report citing "delivery date not yet reached," victims should explain that the Taipei City Police Department has issued a notification regarding such cases.
The physical store, located in Ximending, has seen at least 14 individuals file reports with the Wanhua Precinct as of Saturday morning. Police have confirmed the owner is a Taiwanese national and are actively tracing his destination country and investigating potential accomplices. The Taipei District Prosecutors Office has opened a miscellaneous case to investigate the alleged fraud.
Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.