TSMC's reputation was exploited for fraudulent purposes.

According to WCCFTech , a court in Taiwan has sentenced a woman to eight years in prison for defrauding three other women into buying counterfeit stocks at low prices. Lin Lifen allegedly committed the fraud in 2013 and 2014 by impersonating employees of TSMC and Foxconn, luring victims into investing in the companies' stocks at low prices with promises of high returns.

TSMC's reputation was exploited by scammers to lure victims.

Lin Lifen's scam was successful with the first two victims, who invested a total of 9.8 million New Taiwan Dollars (approximately 7.6 billion Vietnamese Dong) in stocks. However, after receiving the money, Lin absconded without purchasing the stocks for the victims.

Not stopping there, Lin Lifen continued her fraudulent activities with another victim. She convinced the victim that she was investing in HTC stock with a prominent Taiwanese social figure. The victim believed her and invested 22 million Taiwanese dollars, suffering the same fate as the two victims above.

After 10 years of committing fraud, Lin was arrested and brought to trial. The court sentenced the defendant to 8 years in prison for fraud and using forged documents to misappropriate property.

Additionally, another scam involving TSMC has been shared. This Ponzi scheme was uncovered earlier this year when a former TSMC engineer was arrested for defrauding $207 million. Although not directly related to TSMC stock, the scammer contacted colleagues and acquaintances, promising them high returns on their investments but actually using the money from new investors to pay off existing investors.

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Source link: https://thanhnien.vn/tsmc-bi-loi-dung-danh-tieng-de-lua-dao-185240404095705031.htm