Nearly 250 Detained In Shenzhen For Alleged Fraud
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2018-06-21 HKT 21:11
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Nearly 250 people have been arrested in Shenzhen for swindling 40 million yuan from stock market investors.
Police said the suspects allegedly developed software and claimed to the investors that they had inside information about stocks.
In an operation carried out on June 13, the police questioned more than 300 people of whom 249 were arrested and will face criminal charges.
Around 1,000 computers and cellphones were also confiscated during the operation. Further investigations are continuing into the case. (Xinhua)
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