Hong Kong and Macau police launched a joint cross-border operation code-named "Junli" from Aug 1 to Aug 3, dismantling a fraud syndicate that lured victims under the guise of virtual currency investment. Hong Kong's Commercial Crime Bureau arrested one man and five women, aged 51 to 64, on conspiracy to defraud charges; those held included company directors, shareholders, secretaries and promotional members. Macau's Judiciary Police separately arrested two women on aggravated fraud charges. As of Aug 3, Hong Kong police had received 225 fraud reports involving losses of about HK$94 million, while Macau police logged nine complaints with losses of about MOP 3.6 million. Combined reported losses exceed 97 million across both currencies.
Hong Kong police's Commercial Crime Bureau, together with Macau's Judiciary Police, launched a cross-border operation code-named "Junli" from Aug 1 to Aug 3, dismantling a fraud syndicate that had lured victims under the guise of virtual currency investment, according to Hong Kong's Wen Wei Po.
Hong Kong authorities arrested one man and five women, aged 51 to 64, on conspiracy to defraud charges. Those detained included company directors, shareholders, company secretaries and key promotional members. Macau's Judiciary Police separately arrested two women on aggravated fraud charges.
As of Aug 3, Hong Kong police had received 225 fraud reports involving losses of about HK$94 million, while Macau police logged nine complaints with losses of about MOP 3.6 million. Combined reported losses exceed 97 million across both currencies.
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