26-05-2025
‘Blinded by love' Chinese man spends most of US$4.5 million ill-gotten gains on lover
A man in southwestern China, accused of scamming multiple victims out of 32.7 million yuan (US$4.5 million) to fund his girlfriend's lavish lifestyle, lived frugally with his parents.
Police say that the man surnamed Liu from Chengdu, Sichuan province, forged contracts, business licences, and company seals during the alleged crime spree.
Liu allegedly leased a petrol station to one victim without having operating rights and collected a deposit.
He is also accused of claiming to hold shares in a local energy company and its petrol station, then tricking others into paying rent.
The suspect, surnamed Liu, was arrested in May. He has refused to confess to his alleged crimes. Photo: Baidu
In another alleged scheme, Liu is accused of using a fake equity transfer agreement to swindle investment funds from a petroleum company.
