# Financial fraud and impersonation scams in East Asia > Live situation record from CLSTR: https://clstr.news/situations/financial-fraud-and-impersonation-scams-in-east-asia > Updated: 2026-08-16T10:45:33.000Z. Sources: 2. Developments: 2. Law enforcement and financial institutions in China and Taiwan have intervened in several fraudulent schemes targeting individuals through various deceptive methods. In Hunan Province, China, police intercepted a case where an 80-year-old man attempted to deposit 1.7 million NDT, which was discovered to be counterfeit training notes used for bank staff practice. The victim had been misled by a loan broker. In Taiwan, bank staff in Yonghe prevented a 61-year-old man from losing 14 million TWD to an investment scam involving a group calling themselves ‘JCQ Investment Consultant’. Additionally, in Qingdao, China, police arrested a man named Song for impersonating a military officer. Song used uniforms and falsified resumes to establish romantic relationships with women on social media, defrauding more than 10 individuals. ## Timeline ### 2026-08-16: Police and bank staff thwart major fraud and impersonation scams Authorities in Taiwan and China have thwarted separate fraud schemes: police prevented a 14 million TWD gold investment scam, while Qingdao police arrested a man for impersonating a soldier to defraud women. 2 sources. https://clstr.news/cluster/police-and-bank-staff-thwart-major-fraud-and-impersonation-scams ### 2026-08-08: China police intercept various financial scams targeting elderly citizens Police in China have thwarted various scams targeting elderly citizens, including a case involving 1.7 million NDT in counterfeit training notes and an attempted 1.3 billion VND fraudulent stock investment. 3 sources. https://clstr.news/cluster/china-police-intercept-various-financial-scams-targeting-elderly-citizens --- Cite as: Financial fraud and impersonation scams in East Asia. CLSTR, https://clstr.news/situations/financial-fraud-and-impersonation-scams-in-east-asia