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‘He will marry me’: besotted China teacher swindled out of US$555,000 despite 12 police warnings insists ‘handsome’ con man is true love

  • Woman makes staggering bitcoin investment using flat as collateral for ‘boyfriend’ who said he would make her a fortune
  • ‘She has invested so much money and emotion in it, she would rather believe the police were scammers,’ says an officer

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A woman in China who lost more than half-a-million US dollars in a bitcoin racket run by her online “boyfriend” continued to plough money into the scam despite being warned by police to stop a dozen times. Photo: SCMP composite/Shutterstock/Douyin
Fran Luin Beijing

A teacher in China was cheated out of 4 million yuan (US$555,000) and continued to believe the con artist responsible for the fraud would marry her despite police trying to dissuade her 12 times.

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Over a period of four months last year, the 38-year-old woman from Shanghai, surnamed Yuan, invested the staggering amount she had borrowed from the bank by using her flat as collateral, into a bitcoin project her “boyfriend” promised would make her a fortune.

Shanghai police reportedly discovered the crime after “unusual activity” was noticed in her bank account.

They tried to persuade her to stop transferring funds, but the obsessed woman continued to allow herself to be scammed.

Video footage recorded from cameras worn by police when they spoke to her, showed Yuan repeatedly denying and lying about her bank transfers.

Police attempted to persuade the woman to stop transferring funds, but to no avail. Photo: Douyin
Police attempted to persuade the woman to stop transferring funds, but to no avail. Photo: Douyin

On one occasion, she denied she had transferred 640,000 yuan (US$89,000) despite the bank reporting the transaction to the police.

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