An old man was deceived into wanting a million-dollar loan. The police tried to stop him, but he complained: It makes sense but I don’t believe it.

The police tried their best to dissuade the old man named Chen (left) from applying for a loan, but the old man refused to pay attention. (Photo provided by the police)

A 73-year-old man surnamed Chen in Taoyuan City fell into the trap of a fraud syndicate. He went to an insurance company in Taoyuan District to borrow 1 million yuan from his insurance policy. The insurance company personnel noticed something was wrong and reported it to the Taoyuan Police Station Xiaohuixi Police Station. When the police arrived, they earnestly informed the old man that he might have been deceived. In exchange, they said, "What you said makes sense, but I don't necessarily have to believe it." Fortunately, his family came to dissuade him, so the fraud group could not succeed.

The police said that at around 12 noon on the 12th, the old man surnamed Chen went to the insurance company to apply for a loan, but was stopped by the insurance company personnel and the police. He also told the police that he had joined an investment group through the Internet a few days ago, and the "teacher" guided him to invest money to buy virtual currencies, and he could make a lot of money, which made him want to take a loan of 1 million yuan.

The police checked the conversation record between the old man surnamed Chen and the members of the fraud group and found that the other party was using old-fashioned methods of making fake investments and real money fraud. Although he tried hard to dissuade the old man, the old man always remained wary and refused to listen. The police had no choice but to contact the old man’s family and join in the process of assisting in persuasion, so that the old man agreed to suspend the loan. The decision would be made after confirming the investment content and risks.

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