Police arrest 22 in job and investment scams totaling HK$20m

Local | 16 Aug 2021 4:52 pm

Hong Kong police have arrested 22 people suspected of conning over HK$20 million in job and investment scams spanning from October 2019 to March this year.

Police officers of the New Territories South Team said they have arrested 54 people for these scams so far. The arrestees, aged between 15 to 69, include students, housewives, and transportation workers.

They were arrested for conspiring to defraud and conspiring to launder money. 

The arrestees involve four syndicates, with 11 of the arrested being core syndicate members, according to the officers.

The force said some HK$1.88 million of criminal proceedings were seized, involving 119 cases with losses totaling up to HK$21.5 million.

“These syndicates use dating apps to get in touch with the victims, posing as investment advisors or bankers to sugar talk people into these scams,” said a police spokesman.

The force also added that these syndicates baited victims by making cold calls while pretending to be bank staff selling loans with low interest rates.

“In some cases, the suspects will ask the victims to download mobile applications from non-official websites to make deposits into the investment company's bank account, these ‘fake applications’ will then show the ‘transaction’, tricking the victims into believing the investment was genuine,” the spokesman said.

For the first half of the year, New Territories South Regional Headquarters received 1,911 cases of deception. As compared to the same period of last year, it is a 25 percent increase, said chief inspector Chiew Tsi-huen

There is also a significant increase in investment fraud, low interest loan scams and recruitment scams, he added. 

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