ECCOM used FAFAGO green energy charging piles to defraud investment funds of more than 200 million yuan. The prosecutor asked Xie Bojun to be sentenced to more than 16 years in prison.

Huaxun Electric Power Company solicited investment with "FAFAGO green energy charging piles", claiming that each unit was 300,000 yuan, with a guaranteed annual return of 14.08%, and attracted more than 200 million yuan. In fact, it only built about 187 units, and used later investment funds to pay for early profits. The Taipei District Prosecutor's Office investigated and prosecuted 26 people including CEO Xie Bojun for violating banking laws and other crimes, and asked Xie to be sentenced to more than 16 years in prison.

The lawsuit points out that ECCOM Electric Power is actually controlled by a man who calls himself "Chen Jianhuan" and is responsible for determining the number of charging piles to be built, the distribution of investment income and the allocation of funds. Xie Bojun serves as the CEO, coordinating business departments, making presentations, teaching investment plans and guiding solicitation skills. Lin Jiaming is the person in charge of registration, and Wu Pinghui is the chief financial officer, responsible for transfers, withdrawals and requests for funds.

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The investigation police found that the company has been soliciting investment through Facebook, franchise exhibitions and briefings since 2024, claiming that each charging pile has a minimum income of 300,000 yuan, a monthly minimum income of 3,520 yuan, and an annual return rate of approximately 14.08%. It will be bought back for 210,000 yuan after 3 years. Renewal will also enjoy discounts such as "buy two, get one free". Investors do not need to participate in the operation, and they can still receive compensation if the equipment is not put into use as scheduled. The income has nothing to do with the actual revenue. In essence, it guarantees a fixed remuneration and returns part of the principal in the name of equipment sales, custody or franchise, which is suspected of illegally attracting money.

Prosecutors found that the company actually installed less than 200 charging piles in the same year, but the number of investment units it attracted far exceeded the number of installations. As of March 2026, there were only about 187 charging piles. Although some communities have completed site surveys or signed contracts, they have not set up equipment; some existing sites have no income for a long time, or have very low income. The actual monthly revenue of a green energy park in Zhonghe is only a few hundred yuan, less than 1,000 yuan.

From 2024 to 2026, a total of 219.058 million yuan of investment funds flowed into the collection account, but there was no fixed monthly remittance of charging pile revenue. The funds are gradually transferred to companies, employees and other accounts such as Juyao, and then business bonuses, income and compensation of early investors are paid, forming a situation where early income is paid with later investment funds. Starting from April this year, the company stopped making payments as agreed, and investors were unable to contact the actual person in charge, Chen Pengzhi, so they called the police for investigation.

Huang Tiaowei, chief of engineering technology, argued that he was only responsible for site survey, construction and contacting manufacturers, but did not solicit investment and did not know the contents of the contract. However, prosecutors found that he had discussed with financial personnel that the contract was "wrong and problematic." He believed that bonuses, construction costs, compensation and other expenses would make it difficult for the company to make a profit. He still participated in the income verification and sent charging pile configuration and activation notifications through the official LINE, so he was also prosecuted.

The prosecutor concluded that Xie Bojun led the business promotion and obtained high profits in the name of business bonuses. After finding that the cash flow could not cover the profit distribution, he made a move to part ways with the actual person in charge named Chen. He still denies the crime and recommended a sentence of more than 16 years in prison.