Two Cases of Alleged Financial Fraud Involving Dominican Citizenship

Taiwanese Businessman Accused of Real Estate Investment Scam

Pai-Hung Wang, a Taiwanese businessman, is accused of running a real estate investment scam that raised nearly 1 billion New Taiwan Dollars (worth over $32 million) from students and investors. Wang and his wife, Ching-Yi Hsieh, were charged with violating bank law in 2019 but are currently wanted by authorities.

Immigration Attorney Accused of Large-Scale Immigration Fraud

Danhong Chen, an immigration attorney, is accused of carrying out large-scale immigration fraud in the United States. Chen and her ex-husband allegedly used fraudulent methods to secure immigration benefits for over 100 investors through the EB-5 visa program. The pair used fake documents and lied about their involvement in the scheme, securing over $10 million in commissions.

Dominican Citizenship Obtained by Alleged Fraudsters

Both Wang and Chen obtained Dominican citizenship around the time they allegedly committed their respective frauds. This raises questions about the effectiveness of Dominican citizenship by investment programs and the potential for abuse.

Key Points

• Pai-Hung Wang and Ching-Yi Hsieh are accused of running a real estate investment scam that raised nearly 1 billion New Taiwan Dollars.
• Danhong Chen and her ex-husband allegedly carried out large-scale immigration fraud in the United States, using fake documents to secure benefits for over 100 investors.
• Both Wang and Chen obtained Dominican citizenship around the time they allegedly committed their respective frauds.
• Wang’s companies were fined, and he and his wife are currently wanted in Taiwan. Chen is a fugitive in the United States, believed to be going by the alias “Maria Sofia Taylor.”