At the end of May, AYERS Alliance Financial Group Limited, also known as A.A.F.G, announced on its official website that it was closing down, victimizing as many as 13,000 investors and defrauding $100 billion.

Ausfung Financial Group's pipeline for sales in Taiwan, "Mega Rich Financial Management Consulting Company" (referred to as Mega rich), now has people coming to the door every day.

It is reported that in the middle of May, Zeng Kuiming, the head of Mega rich, and 6 business were sentenced by the Taipei District Court to violate the "Securities Investment Consultant Law", illegally selling overseas funds, the first instance sentence, Zeng Kuiming was sentenced to 2 years and 3 months, and a fine of 5 million yuan; Six salesmen, including Zhang Zhiwei, Liao Jiayu, Chen Shuhua, Chen Fengming and Chen Si 'an, were sentenced to between four months and one and a half years in prison and fined between 500,000 yuan and 3 million yuan.

Moreover, it is only registered as an ordinary company, and there must be actual evidence to prove that it is operating illegally. Otherwise, it cannot be regulated and can only wait for the investigation results.

As early as eight years ago, in 2015, the FSC had received complaints from investors, but because AuFSC is regulated by Cyprus CySEC, license number 230/14, it is an overseas company, and only has a sales company in Taiwan, Mega Rich Financial Management Advisory Company, although Mega Rich is engaged in financial business, it is not subject to the jurisdiction of the FSC.

Today, Macao Financial's Cyprus CySEC licence has been marked "under review for voluntary waiver of authorisation".

Some Taiwan securities industry leaders bluntly said that the financial products sold by Auofang in Taiwan are fund products packaged into hedge arbitrage exchanges using foreign exchange price differentials; In order to issue and sell funds in the island, the approval of the FSC is required and the funds are also subject to control.