Four Arrested For Helping People Cash In Vouchers
"); jQuery("#212 h3").html("

"); });
2022-04-15 HKT 16:56
The police said on Friday they had arrested four individuals on suspicion of helping people to cash in their consumption vouchers.
The four arrested are two men and two women, aged between 26 and 31. Three are shop owners and the fourth a friend of one of the owners.
They were arrested for alleged conspiracy to defraud on Thursday after officers went undercover and found out some shops had been asking people to pay them their consumption vouchers online. They would then transfer cash back to people's bank accounts.
Leung Ka-yeung from the force's Financial Intelligence and Investigation Bureau said the shops would charge people ten to 20 percent of the vouchers' value.
The acting chief inspector said a total of HK$360,000 and 60 voucher holders were involved in the cases.
"The relevant shops are either retailers or service providers. According to our investigation, their transactions [with the voucher holder] involved no actual services or products," he said.
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more