Police have busted a scam ring that defrauded dozens of people in southern Taiwan.
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00:00Police have busted a scam ring that swindled over $150,000 from their victims.
00:06More than 40 people fell for the investment scam in the southern cities of Tainan and Kaohsiung.
00:11Scams are a major problem in Taiwan, with the police agency saying it received almost 20,000 reports in the past month alone,
00:19with losses totaling some 314 million U.S. dollars.
00:23Authorities are warning people to be wary of unknown numbers and suspicious ads.