More Teens Being Recruited As Debt Collectors: Police
"); jQuery("#212 h3").html("

"); });
2022-04-18 HKT 17:31
Police on Monday said they'd noted an increasing trend of gangs recruiting teenagers as illegal debt collectors – a situation that officers say has been made worse by school closures during the pandemic.
In the latest case, officers in Sha Tin said they had arrested 12 people, aged between 13 and 19, on suspicion of offences including conspiracy to commit criminal damage and possessing items with intent to destroy or damage property.
Some of them are suspected to have triad links, and the 19-year-old is believed to be the mastermind of the gang.
Chief inspector Lam Nga-sze said this is not an isolated incident, as officers had dealt with 217 similar cases in the first three months of 2022.
"Due to Covid-19, teenagers have more time to stay at home rather than go to school. So they have more time to hang out with their gangs or their friends. During this time, they are easily solicited by the triads or the youth gangs to involve in some of the illegal debt collecting activities," Lam said.
The force said investigations are ongoing and officers aren’t ruling out more arrests.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more