S&P 5007,785.76▼0.2% Nasdaq26,729.16▼0.3% Dow53,732.41▼0.2% Russell 2K3,068.42▲0.5% 10-Yr4.70%+6bp VIX14.25−0.38 WTI$82.40▲1.4% Gold$4,432.00▲1.6% EUR/USD1.157▲0.4% BTC$64,684▲0.3% Nikkei68,309▲1.2%
At close · Fri, Aug 14, 2026
Daily Market Updates.

Global Markets

HomeGlobal MarketsAsiaMos Burger case alleges wage fraud using “phantom work…

Mos Burger case alleges wage fraud using “phantom workers” scheme

Prosecutors say the alleged scheme involved falsified attendance, unauthorised smart cards, and resulted in about HK$740,000 in wages and MPF contributions.

A former Mos Burger branch manager and seven other defendants appeared in court after being charged with conspiracy to defraud the fast-food chain by allegedly using “phantom workers” to claim wages, according to SCMP Economy.

The Independent Commission Against Corruption said Tsui Hin-po, the former manager of the Tin Shui Wai branch, and his wife, Chan Wing-sze, were accused of falsely representing that six co-defendants worked as shop assistants for more than 1,500 days despite never reporting for duty.

The charges allege that between October 2022 and June 2024 the group tapped unauthorised smart cards to falsify attendance records, submitted bogus reports, and caused Mos Food Hong Kong to pay wages and MPF contributions totalling about HK$740,000.

Acting principal magistrate Daniel Tang Siu-hung granted bail and transferred the case to the District Court for plea on September 8, the outlet reported.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.