Hong Kong police have arrested eight people for allegedly making unauthorised stock transactions, manipulating the market and using phishing scams to swindle about HK$46 million (US$5.8 million) out of more than 130 victims based locally and overseas. Senior Superintendent Fanny Kung Hing-fun of the force’s commercial crime bureau said police had arrested seven men and…
A loan shark syndicate recruited young Hongkongers through chat groups to vandalise debtors’ homes with red paint and paid them up to HK$1,000 (US$127) per job, police said on Thursday after arresting 22 people, including key gang members and four teenagers, on suspicion of illegal lending and intimidation. In an operation conducted between June 16…
Hong Kong police have arrested eight suspects aged as young as 20 in a crackdown on a cross-border syndicate that allegedly sold fake concert tickets for a total of HK$650,000 (US$82,800), with the Post learning that Taiwanese star Jay Chou’s fans were among those targeted. The force said on Wednesday that the suspects were all…
Hong Kong and Singaporean police have teamed up to smash a cross-border syndicate suspected of spending about HK$18 million (US$2.3 million) to buy prepaid SIM cards for running phone scams. In Hong Kong, a police raid on seven offices led to the arrest of four local men, aged 23 to 48, with officers also seizing…
The grand relaunch of a famous Hong Kong nightclub on Saturday night was marred by a police raid that saw at least one person arrested on suspicion of money laundering. Police and Food and Environmental Hygiene Department officers raided Big Boss Generation (BBG) in Tsim Sha Tsui at around 10pm that night, just hours after…
Customs officials are working with the University of Hong Kong to develop a tool that can trace cryptocurrency transactions, with the authority stressing it had recorded seven suspected money laundering cases involving virtual assets and more than HK$9 billion (US$1.1 billion) in recent years. Mario Wong Ho-yin, assistant commissioner for intelligence and investigation at the…