Twenty-two people were on Thursday and Friday arrested for conspiracy to defraud and money laundering for cheating over HK$1.9 million from seven people after claiming to offer loans at low interest rates. The 17 men and five women, aged 19 to 38, are now remanded in police custody. Officers seized over 10 computers, 60 smartphones, about HK$1.2 million in cash, and some documents during the operation. The crime came to the police’s attention after four men and three women filed reports to police between September and December last year. Police investigation showed the fraudsters pretended to be staffers of local finance companies and cold-called the victims, claiming they could offer loans at low interest rates.

Source: The Standard May 14, 2022 23:03 UTC