Fighting this new type of cross-border fraud will require the cooperation of all 3 administrations, and sits in contrast to mounting recent tensions over Beijing's desire for closer political links
According to the Criminal Investigation Bureau, suspects based in China and Hong Kong used social media to start romantic relationships with victims in Taiwan, and then coaxed them to invest in fake financial companies.
Spurred on by good investment returns displayed on fake websites, victims would then pour in money until they asked to redeem it in vain, the bureau said. However, relations have grown frosty since President Tsai Ing-wen of the independence-leaning Democratic Progressive Party took office in Taiwan 2016, as she has refused to acknowledge that the self-ruled country is part of"one China".
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