Authorities plan to indict a British man for his alleged involvement in a telemarketing scam that duped thousands of would-be investors worldwide, an investigator said yesterday.
Sheridan Cox, 49, headed a firm called Mendez Prior Europe that sold phony stocks and real-estate investments to people in more than 70 countries, said Jason Sun, a Lieutenant-Colonel at the National Criminal Investigation Bureau.
Mendez Prior Europe bilked over 10,000 investors out of about NT$10.5 billion (US$300 million), Sun said. The victims included people in the Philippines, Malaysia, Sweden, South Africa, Singapore and New Zealand. Sun said that Cox, arrested last year in Taipei, will be charged with professional fraud in the week.
Cox's operations were run from Taiwan by fax, e-mail and telephone, said Sun, who works in the investigation bureau's Interpol Division.
The accused also had offices, or boiler rooms, in other places in Asia and Europe, Sun said.