A property developer is accused of bankruptcy fraud at the expense of unwitting new homeowners. After buyers signed property contracts and made the down payment, the property developer used their properties as collateral to obtain loans from banks. Owners only came to realize that their home has been put on the foreclosure before the property was transferred to them. The property developer orchestrated the fraud all over Taiwan and made more than NT$200 million.
Foreclosure signs are seen in front of the reception center after the property developer was accused of bankruptcy fraud. After she spent NT$14.6 million on a four-story house and signed a contract with the developer, Ms. Hsieh was told that the developer disappeared. After further investigations, victims found that the developer even used their new homes as collateral to obtain loans.
==MS. HSIEH, Victim==
We used to drop by to check on the house. They even told us that we can move in pretty soon. How could they tell us to move in when the developer was ready to run away?
Mrs. Tsai, who lost more than NT$7 million, said that she was able to reach the developer at first. The developer promised her to take care of this and even had a lawyer issue a statement. A few months have passed, the developer has never answered her call since.
==MS. HSIEH, Victim==
The developer did it on purpose. We signed the contract already. It's not right to use our house as a collateral to borrow money before transferring it to us.
==HSU PANG-HAN, Deputy Sec-gen, Consumer Protection Association of Taiwan==
This constitutes as a fraud. This is a big deal. The consumers' rights have been trampled upon. Under such circumstance, we suggest that these home buyers take it to the court to fight for their rights.
The developer has been found to have received many payment orders by the court at the request of several creditors. The developer orchestrated the fraud all over Taiwan and made more than NT$200 million. So far, two victims in Kaohsiung have filed a lawsuit against the developer.
TRANSLATED BY：LUKE CHIANG
除了謝小姐之外，另一名蔡太太則損失七百多萬，被害人指控建商惡意倒閉，民眾說，一開始建商 跟建商用通訊軟體對話，他還承諾會處理，甚至委託律師發聲明書，表明會負責，但幾個月過去了，建商避不見面，連手機也不接。 上午記者再次聯繫建商，同樣沒人接。
記者 王柔婷 孟昭權 高雄報導