Eight arrested on suspicion of defrauding
發佈日期: 2025-06-26 21:58
TVB News
Police have arrested eight people on suspicion of scamming investors through fake local and overseas securities firms. Authorities say the two scam cases in question involve a total of 46 million dollars.
Police say the eight suspects in two separate cases used similar scam tactics.
Scammers pretended to be from local and overseas securities firms sent multiple phishing messages to victims, saying their accounts would be frozen because they failed to update their tax information. Some fake hyperlinks were included in the messages.
Victims were directed to phishing websites after clicking the links. Once they entered their account information, the scammers were able to log in their accounts.
The scammers then persuaded the victims to provide official verification codes sent by securities firms.
That would allow scammers to take control of the accounts and sell the victims' assets in their investment portfolios. Scammers would purchase low-volume stocks on the market and reap a profit through market manipulation.
The police arrested four men on suspicion of conspiring to defraud. Between May and Wednesday, the force received 137 reports from scam victims whose losses ranged from 1,000 dollars to 2.9 million.
Meanwhile, in the case involving fake overseas securities firms, three men and one woman were arrested
on suspicion of conspiring to defraud and money laundering.
Senior superintendent, Fraud (Commercial Crime Bureau) KUNG HING-FUN said:"Our investigation so far shows no linkage between the two cases, and we are now still investigating whether there are any syndication involves."
Sources say the names of several local well-known securities firms were being used in the scam.
