Police Nab 13 People For Online Cons Worth HK$7mn

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-06-02 HKT 18:34

Share this story

facebook

  • Online sellers of luxury handbags were one of the gang's favourite targets. Photo: Shutterstock

    Online sellers of luxury handbags were one of the gang's favourite targets. Photo: Shutterstock

Police say they have smashed what they described as a "highly-organised crime syndicate" that had conned online sellers out of more than HK$7mn and was involved in a robbery and a 'furious driving' case.

Thirteen people, aged between 16 and 27 years old, were arrested.

Police say some of those arrested had robbed a second-hand dealer of some 700 smartphones in January.

Two of them were caught after refusing to stop for a police roadblock and engaging in 'furious driving' last month.

Investigators found that the syndicate targeted sellers of luxury handbags and swish cars online.

The victims handed over their goods after receiving fake cheques or bank drafts. Senior Inspector Tam Chung-hoo from the Cyber Security and Technology Crime Bureau reminded online sellers to use cash wherever possible.

This syndicate contributed to a spike in the amount of money involved in online scams between January and April. Police say HK$12.5 million were cheated out of online shoppers and sellers for the period - more than three times the amount from the same period of last year.

Police also warned of a rise in online fraud, with 632 cases reported for the first four months of this year - 17 per cent higher than last year.

RECENT NEWS

Binance Pay And TBCASoft Enable QR Payments Across Merchant Networks In Japan

Binance Pay has partnered with TBCASoft to enable QR code payments through the HIVEX Network, starting with a planned r... Read more

OSL Launches AgentPay For AI Agent Stablecoin Payments

OSL Group has launched AgentPay, a stablecoin payment infrastructure designed to enable AI agents to execute autonomous... Read more

The Biggest AI Governance Gap In APAC Lies In Proof And Traceability

AI has outgrown the role of an assistant, now moving money, approving transactions, and carrying out multi-step tasks w... Read more

HSBC Sells Tokyo HQ As It Prepares For 2029 Relocation

HSBC has sold its Tokyo headquarters building to a unit of Mitsubishi HC Capital, according to Bloomberg. The sale come... Read more

Why Multi-Currency Cards Need More Than Card Issuing

Tap a multi-currency card in Tokyo, and the payment looks no different from any other card transaction. Behind the tap,... Read more

China CITIC Bank Names Wang Junwei As CEO

China CITIC Bank International (CNCBI) has appointed Wang Junwei as its Executive Director and Chief Executive Officer,... Read more