Student busted for staging frostbite to claim RM1.7 million in insurance

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He was tricked into signing an order to pay nearly US$800,000 after losing money trading cryptocurrency.

: 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.

Additionally, Zhang’s high school acquaintance, Liao, pushed him to carry out the insurance scheme, as reported by the bureau. Their goal? To make it appear Zhang’s self-inflicted frostbite was an accident from riding the motorbike.

 

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