Thirteen Maxim Trader scammers sentenced to prison in Taiwan
Thirteen Maxim Trader Group executives and employees have been found guilty in a Taiwanese court on charges related to investment fraud.
Sentences handed down to Taiwanese Maxim Trader scammers ranged from three to nine years.
Maxim Trader’s Taiwan chief executive Chang Chin-su (張金素) was sentenced to 11 years in prison and fined NT$100 million, while his chief assistant, Chia Hsiang-chieh (賈翔傑), was sentenced to nine years and fined NT$50 million.
Other local employees found guilty of contravening the Banking Act (銀行法), financial fraud and related charges included Chang’s sister, Chang Mu-tan (張牡丹), financial advisers and course instructors.
Chang Mu-tan was given a five-year sentence, while the others received terms ranging from three to eight years, and fines of up to NT$50 million.
The Taiwanese prosecution follows similar charges filed in Malaysia against ringleaders Lim Ann Hoe and accomplices Chin Ming Kam and Goh Seow Mooi.
Maxim Trader was a $5 billion dollar Ponzi scheme primarily pitched at investors in Malaysia, Japan, South Korea, Taiwan, Hong Kong, Australia and Singapore.
Authorities began investigating Maxim Trader after it collapsed in 2015.
I hope they suffer and rot in jail. Jail is too good for them.
We the investors are suffering because of these crooks
So many promises, they stole hard earned money from innocent hard working people, I hope they rot in hell every one of them.