A Hong Kong retiree has been swindled out of more than HK$11 million (US$1.4 million) by fraudsters posing as police officers and technical support staff in the city’s biggest cyber scam case. In a post on its CyberDefender Facebook page, the force said the case came to light after the woman, 60, sought help from…
A man who oversaw a scheme to launder millions of dollars of narcotics money from the U.S. to drug organizations was sentenced to seven years in federal prison, according to the U.S. Department of Justice. Daniel Shaun Zilke, who went by the nickname “the Englishman,” was also fined $50,000 and ordered to pay $150,000 in…
Hong Kong’s MTR Corporation has accused the owners of now-closed fitness chain Physical of owing it nearly HK$2.8 million (US$360,000) in rent and management fees, with some outstanding charges dating back to last December. The rail giant, which also operates shopping centres, is seeking to recover more than HK$320,000 from Physical and its two directors,…
For the first time since March 2020, the is expected to lower the this week — and there . Rate cuts can be cause for celebration, particularly if you’re planning to buy a home or pay off debt. But you can also expect to earn less interest on bank deposits and some investments. In other…