LONDON — A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi scheme was sentenced by a U.K. court on Tuesday to over 11 years in prison. Police said the investigation into Zhimin Qian, 47, led to officers recovering devices…
This Feb 16, 2025, file photo shows the Hong Kong skyline with people crossing a street in the Central business district. (SHAMIM ASHRAF / CHINA DAILY) Singapore and Hong Kong Special Administrative Region regulators are strengthening cooperation to supervise banks in the two key financial hubs. An agreement facilitates the exchange of information and mutual…
Hong Kong customs has uncovered its largest money laundering case this year, arresting four individuals involved in suspicious transactions totalling HK$2.6 billion (US$334 million) across more than 50 bank accounts linked to three shell companies. A 25-year-old man and a 52-year-old woman, both employed at different money service operators, together with two male directors of…
Hong Kong police have arrested 12 people linked to a fraud syndicate selling fake tickets to major concerts, including performances by G-Dragon and Jay Chou, amid fervour for live shows sparked by the opening of Kai Tak Sports Park. Eight men and four women, aged between 18 and 48, were arrested this week for allegedly…
Hong Kong police have arrested 12 people linked to a fraud syndicate selling fake tickets to major concerts, including performances by G-Dragon and Jay Chou, amid fervour for live shows sparked by the opening of Kai Tak Sports Park. Eight men and four women, aged between 18 and 48, were arrested this week for allegedly…
Hong Kong police have arrested 86 people, including triad members, in a sweeping 15-day crackdown on organised crime, ranging from theft and drug trafficking to illegal gambling and money laundering. The force on Tuesday said the operation, mounted between August 18 and September 1, had led to the arrest of 66 men and 20 women,…
Hong Kong police have arrested 86 people, including triad members, in a sweeping 15-day crackdown on organised crime, ranging from theft and drug trafficking to illegal gambling and money laundering. The force on Tuesday said the operation, mounted between August 18 and September 1, had led to the arrest of 66 men and 20 women,…
(adds dropped part of company name in third paragraph) ZURICH (Reuters) -Switzerland’s attorney general has fined Swiss private bank J. Safra Sarasin SA 3.5 million Swiss francs ($4.3 million) under a years-long corruption and money laundering case surrounding Brazilian state oil company Petrobras, it said on Friday. In a statement, the highest Swiss prosecutors’ office…
Hong Kong police have arrested 10 people for allegedly operating a social media group selling upskirt photos of women, with suspected criminal proceeds reaching about HK$4 million (US$512,100). Senior Superintendent Frances Lee King-hei of the force’s cybersecurity and technology crime bureau said on Wednesday that the force had found more than 15,000 upskirt images in…
Hong Kong police have arrested two visitors from mainland China and three residents on suspicion of being part of a syndicate that recruits drivers to provide illegal ride-hailing services in the city by using tourist visas and fake identity cards. The force said on Saturday that it arrested three residents in the past two days…