Married woman dupes family of ₹28 crore, sells 80 illegally-acquired flats to fund online lover | Trending
In an elaborate fraud spanning five years, Wang Wei from Gansu, China, managed to change the locks on 80 flats, forge property documents, and sell them at reduced prices to unsuspecting friends and family members. The fraudulent scheme, which began in 2019, amounted to 24 million yuan ( ₹28 crore) and went undetected for years, reported the South China Morning Post. ₹11.5 crore on a livestreamer, gifting him luxury cars.(Representational Image/X)” title=”She spent ₹11.5 crore on a livestreamer, gifting him luxury cars.(Representational Image/X)” /> ₹11.5 crore on a livestreamer, gifting him luxury cars.(Representational Image/X)” title=”She spent ₹11.5 crore on a livestreamer, gifting him luxury cars.(Representational Image/X)” /> She spent ₹11.5 crore on a livestreamer, gifting him luxury cars.(Representational Image/X) Reports from the news outlet Nanfengchuang reveal that Wang, believed to be in her early 30s, started the scheme after accumulating massive credit card debt due to her extravagant spending. Her husband, Cheng, was unaware of the fraud and was diligently repaying a 450,000 yuan ( ₹52 lakh) loan taken his father to help the couple financially. How she pulled off the fraudWang discovered that a local company was about to allocate a new batch of relocation flats. Using Photoshop, she forged property certificates and floor plans, then deceived locksmiths into replacing locks on multiple apartments presenting fake ownership documents. One locksmith, who remained anonymous, recalled how Wang ensured they stayed out of sight. “She displayed the documents that she claimed proved her ownership of the properties, so I had no reason to doubt her,” he said. To avoid raising suspicion, Wang hired different locksmiths for various properties. After gaining control of the flats, she sold them to 42 family members and friends, including her aunt and her husband’s ser, at significantly reduced rates. Flats worth 1.1 million yuan ( ₹1.3 crore) were sold for just 600,000 yuan ( ₹70 lakh), under the pretense that they were “internal units.” Funding a live-streamer with stolen moneyOver the years, Wang secretly transferred large sums to Zhang Zhen, a male livestreamer from Harbin, after becoming infatuated with him during an online session in October 2022. Reports state that she spent over 9.8 million yuan ( ₹11.5 crore) on Zhang, gifting him luxury cars—including an SUV worth 1.4 million yuan ( ₹1.6 crore)—and purchasing properties for him. Zhang later revealed that Wang had also spent hundreds of thousands of yuan on other male livestreamers. Neither her husband nor her family was aware of these transactions, and even as the fraud unfolded, Cheng continued paying off her debts. Also read: The collective wealth of Indian billionaires surpasses entire GDP of this oil-rich country Following the exposure of the scam, Zhang and the live-streaming platform cooperated with police to help recover the stolen funds. Authorities have so far managed to retrieve 8 million yuan ( ₹9.4 crore). The case has drawn widespread attention on Chinese social media, with related discussions amassing over 3 million views. “How did 80 flats go unnoticed for five years? Is there negligence on the part of the property management and developers?” one user questioned. Another commented on the betrayal, stating, “The husband works tirelessly to settle debts, while the wife squanders stolen money to support another man. The cruelty of human nature is utterly shocking.” Also read: ‘Dhoom Machale’ plays at Westminster Abbey for King Charles, desi viewers in disbelief
