A former senior executive of a Hong Kong fintech company has been jailed for 6½ years for stealing HK$19.2 million (US$2.45 million) from his employer and laundering part of the money to support his gambling addiction and lavish lifestyle. The High Court on Wednesday handed down the sentence to Shum Lok-man after the 38-year-old divorcee…
Internet fraudsters cheated Hong Kong consumers out of about HK$350 million (US$44.8 million) through online shopping scams between January and November 2025, while the number of such cases grew by 8 per cent year on year. Police also said that about 63 per cent of cases over the period involved bogus concert ticket sales, while…
A Hong Kong man has been jailed for nearly four years after admitting to laundering millions of dollars in criminal proceeds through bank accounts linked to investment and romance scams. The 38-year-old defendant was sentenced on Wednesday to a total of 44 months’ imprisonment after pleading guilty to two counts of money laundering at the…
Hong Kong police have arrested more than 680 people in a series of recent operations targeting deception and money laundering, with suspected criminal proceeds reaching HK$620 million. In one operation, officers from the cybersecurity and technology crime bureau focused on combating the misuse of bank accounts. Between February and September last year, police received reports…
Hong Kong police have arrested 71 people for operating stooge accounts used by scammers, with the largest case involving a senior director at a multinational company who was defrauded of HK$134 million after transferring the funds to criminals impersonating his chief executive. Inspector Tsang Kin-wa of the Hong Kong Island regional technology and financial crime…
The operator of Hong Kong’s Mandatory Provident Fund (MPF) has tightened its online security by scrapping an electronic verification system after scammers used forged identity cards to open accounts and steal residents’ pensions. Ayesha Macpherson Lau, chairwoman of the Mandatory Provident Fund Schemes Authority, said in a blog post on Sunday that the authority had…
Hong Kong’s anti-corruption watchdog has arrested 14 people, including a senior manager of a listed cleaning services company, on suspicion of bribery over the awarding of various contracts to subcontractors, and seized watches valued at over HK$10 million (US$1.3 million). While the Independent Commission Against Corruption (ICAC) did not name any companies, the Post learned…
Hong Kong police have arrested 20 people in connection with a series of fraud cases in which a 19-year-old college student allegedly led a gang posing as mainland Chinese secret agents to swindle victims out of more than HK$2 million (US$257,000). Chief Inspector Cheung Wai-shan said on Wednesday that the group – 16 male and…
Hong Kong police have arrested 20 people over a series of fraud cases in which a 19-year-old college student allegedly led a gang posing as mainland secret agents to swindle victims out of more than HK$2 million (US$257,000). Cheung Wai-shan, chief inspector of the force’s regional crime unit in Western district, said on Wednesday that…
Hong Kong customs has arrested five people on suspicion of laundering HK$8.9 billion (US$1.1 billion) in suspected crime proceeds over a four-year period, with investigators for the first time uncovering a syndicate using sophisticated fake shipping websites for “phantom trading”. Senior Investigator Tsoi Kim-fai of customs’ financial investigation bureau said on Tuesday that the operation…