BI nabs Taiwanese ‘fraudster’
IMMIGRATION agents present Yu Sheng Fu, a Taiwanese national arrested in Barangay Cabancalan, Mandaue City. Yu is accused of masterminding a Manila-based cyber fraud syndicate that defrauded more than 200 Taiwanese citizens of over P200 million.
Screengrab courtesy of Bureau of Immigration/facebook
Bureau of Immigration (BI) officers arrested a 20-year-old Taiwanese national accused of leading a Manila-based fraud syndicate that defrauded victims of more than P200 million, authorities announced Monday.
Immigration agents apprehended Yu Sheng Fu in Barangay Cabancalan, Mandaue City, following a formal request from the Taipei Economic and Cultural Office (TECO) in Manila.
According to BI Cebu officials, information provided by the Taiwan Criminal Investigation Bureau designated Yu as the head of a major swindling network operating out of Metro Manila.
The syndicate allegedly targeted more than 200 Taiwanese citizens, swindling them of more than P200 million ($3.4 million) in investment and online fraud schemes.
Yu is currently in immigration custody pending deportation proceedings and will be turned over to Taiwanese authorities to face criminal charges in Taipei.