Hong Kong and mainland Chinese authorities are exploring how to prevent students from across the border from falling victim to scams before they arrive in the city amid a growing number of such cases, the Post has learned. A source also said on Sunday that the University of Hong Kong (HKU) had become the latest…
Huione Group has been linked to cyber fraud, but it managed to get some of its crypto apps on Apple and Google marketplaces. (Photo by Jaap Arriens/NurPhoto via Getty Images) NurPhoto via Getty Images For the last few months, Apple and Google’s app stores hosted apps developed by Huione Group, a Cambodia-based company that was…
A man in eastern China was arrested for operating more than 400 mobile phones simultaneously to enhance his chances of winning gifts in live-streams. The man, surnamed Ma, was discovered managing the hundreds of devices in a small garage within a residential compound in Jiangsu province in August, as reported by China Newsweek on December…
A man in China has paid 20,000 yuan (US$2,800) in registration fees to participate in a “self-discipline challenge” three times, hoping to win a substantial cash prize, but he was unsuccessful in all attempts. The man, surnamed Zhang, took the company behind the challenge to court in Xian, in northwestern China, believing his dream of…
The government lost billions of dollars to fraud and improper payments last year. Both Musk and Ramaswamy have indicated they’ll crack down on fraud through DOGE. Some experts told BI they’re optimistic about action on fraud, but the DOGE leaders have to be willing to invest in the issue. Elon Musk and Vivek Ramaswamy have…
President Joe Biden commuted the sentence of Rita Crundwell, the former comptroller of Dixon, Illinois, who was convicted of what is believed to be the largest municipal fraud in United States history. Biden on Thursday announced that he is commuting the sentences of more than a record 1,500 people who have shown “successful rehabilitation and…
A Chinese influencer, who claims to be a Harvard Business School graduate and cultivates a “wealthy persona”, has had her social media account banned after promoting health supplements as cancer-curing medicines. The fashion blogger, known by her alias Maiqila, boasts 143,000 followers on Xiaohongshu. The majority of her income comes from selling health-enhancing products, alongside…
By Pretish M J in Bengaluru and Michael Martina LAWMAKERS in the U.S. House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong’s banking sector, saying the city has become a top location for money laundering and sanctions evasion. Hong Kong has turned into a hub for many violations of…
A former branch manager of an insurer and 12 ex-insurance agents pleaded guilty on Saturday to conspiring to defraud two insurance companies of HK$52 million (US$6.68 million) by making false policy applications following an investigation by Hong Kong’s anti-corruption watchdog. Lo Yin-wa, a former branch manager of FWD Life Insurance, was named as a mastermind…
A report by prosecutors in China’s eastern province of Zhejiang has shed light on how entrepreneurs and private businesses can fall prey to the abuse of power by police. The report highlights a case dating back to May of last year, when two officials from the public security bureau of an unnamed province began extorting…