Former Rotary Club president scams with EOS coin! Claims annual profit of 144%, 2,100 victims from the southern region, including temple worshippers.

The Kaohsiung Qiaotou District Prosecutor's Office cracked a case on May 1 involving a scam named "Eden platform," which attracted investment in the virtual money EOS coin (EOS) and claimed an annual profit of 144%. The number of victims reached 2,100, with the amount involved as high as 40 million TWD. The main suspect, a man with the last name Cai, is actually a former Rotary Club president and is currently under detention and banned from contact.

The "Eden platform" is a fake investment that truly siphons money, targeting temple believers and southern residents.

The Qiaotou District Prosecutor's Office pointed out that it recently received reports from the public, stating that a fraud group is promoting investment in Virtual Money EOS under the name "Eden platform," targeting worshippers of a certain temple in Nanzi, Kaohsiung, as well as residents of Tainan and Kaohsiung to siphon off funds.

The group also utilizes:

Guaranteed Profit

High Profit

Funds can be refunded at any time, etc.

In addition to the pyramid scheme, which attracted many participants, the mastermind behind it leveraged their identity as a former Rotary Club president, corporate chairman, and community organization leader to package themselves as "trustworthy professionals" and held multiple investment seminars.

Investment APP fake packaging, claiming an annual profit of 144%, and you can earn bonuses by referring others.

The investigation revealed that the group had started deceiving people since 2021, collaborating with a Chinese fraud group to create the "Eden platform" APP, using presentations and verbal promises to claim to the public:

Annual profit rate up to 144%

The principal can be withdrawn at any time.

Recommend others to invest and also receive a "bonus".

In reality, these investments are completely false; the group did not buy any EOS for the investors, the platform cannot terminate the contract, and the principal cannot be withdrawn. Everything is just a money-sucking "scam."

April 29 Search Operation: Main Suspect Detained, 8 People Taken Back

On the morning of April 29, the Qiaotou District Prosecutor's Office launched a search operation at the residences and offices of the main suspects surnamed Tsai and Yang, seizing the following on-site:

Cash batch

1 Mercedes-Benz sedan

Various Virtual Money ( initial estimated value exceeds 4 million )

Victim Investor List ( exceeds 2100 people )

At the same time, it is also an urgent notification to the financial regulatory authorities to freeze the financial accounts of the members of the fraud group to prevent fund transfers.

The prosecution's request to detain the main suspect was approved, while the others were released on bail.

After the prosecution conducted an overnight interrogation, they determined that the main suspects, Cai and Yang, were suspected of violating the Banking Act and committing fraud for financial gain. The charges are serious, and there is a risk of flight and collusion in testimony, so they applied to the court for detention and a prohibition on visitation, which was granted.

As for the other executives, including the man with the surname Lin, the 5 individuals were each released on bail ranging from NT$100,000 to NT$200,000 pending trial.

The picture is the official press release from the Qiaotou District Prosecutor's Office regarding the crackdown on EOS coin fraud. Social status and religious names have been abused, and the public needs to be more cautious when investing.

This case once again highlights that some fraud groups will "disguise themselves in religious, community, or networking attire," while secretly siphoning off funds, leveraging the public's trust in acquaintances or beliefs to set up fake investment platforms for profit. The Qiaotou District Prosecutor's Office also urges the public: high returns and high guarantees are warning signs of fraud; any investment must be verified for legality and risks.

This article reports that a former Rotary Club president was involved in a scam using EOS, claiming an annual profit of 144%. A total of 2,100 residents from the south and temple believers were victims. It first appeared in Chain News ABMedia.