Taiwanese Student's Bizarre Insurance Scam Ends in Tragedy

A Taiwanese university student landed himself in jail, following his bizarre attempt to claim a US$1.3 million insurance pay-out. However, a desperate attempt at a big pay-out turned into a tragic loss for the 23-year-old Taiwanese student identified only by his surname Zhang. According to a Thursday announcement by the Taiwan Criminal Investigation Bureau, Zhang suffered severe frostbite and required a double amputation after immersing his feet in a bucket of dry ice for over 10 hours.

Additionally, Zhang’s high school acquaintance, Liao, pushed him to carry out the insurance scheme, as reported by the bureau. Liao, also 23, allegedly lost money trading cryptocurrencies and duped Zhang into signing a legal letter requiring him to pay almost $800,000. A bizarre late-night motorcycle ride on January 26th, 2023, became a crucial clue in a suspected insurance scam as Liao and Zhang cruised Taipei’s streets, hoping to create an alibi

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