By South China Morning Post | Created at 2025-03-26 10:17:08 | Updated at 2025-03-29 12:06:00
3 days ago
A woman in China orchestrated a scheme in which she changed the locks on 80 flats, forged property documents, and unlawfully sold them, defrauding friends and family out of 24 million yuan (US$3.3 million) over five years.
Wang Wei from Gansu province in north-central China is reported to be in her early 30s, according to the news magazine Nanfengchuang.
After her marriage to Cheng in 2017, the couple accumulated considerable credit card debt due to Wang’s extravagant spending habits.
In an effort to alleviate part of this financial burden, Cheng’s father secured a loan of 450,000 yuan (US$62,000), using his home as collateral.
Determined to repay his father, Cheng adopted a frugal lifestyle for several years.
Little did he know that his wife had been orchestrating a sophisticated scam targeting family members since 2019.
It was during this period that Wang learned of a local company implementing a new batch of relocation houses that were awaiting allocation.
