Nine detained in HK$900 million laundering bust in Hong Kong involving 300 bank accounts

Apr 9, 2021 | INVESTING

Hong Kong police arrested nine people on suspicion of laundering more than HK$900 million (US$116 million) through 300 bank accounts over the past six months, part of which was conned from 55 victims of romance and investment scams.Investigations showed that around HK$35 million of the money came from 30 investment frauds and 25 romance scams between February 2020 and January this year. The biggest victim was a piano teacher in her 20s who saw HK$9 million swindled out of her bank account in 27…

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