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Hong Kong police arrest two students in HK$2.1 million scam probe

Police say an earlier operation arrested 10 people, and the alleged scheme targeted victims mainly students.

Reported · Written up by our desk · Trade & Tariffs

Hong Kong police have arrested two tertiary students suspected of being key members of a fraud and money laundering syndicate, accused of running fake job advertisements, dating scams, and bogus concert ticket sales.

According to SCMP Economy, police said an earlier operation had already arrested 10 people tied to the syndicate, which allegedly swindled victims, mainly students, out of more than HK$2.1 million, or US$267,578.

The suspects include five men and five women aged between 13 and 68, police said, adding they were arrested on suspicion of conspiracy to defraud and money laundering.

SCMP Economy reported that two of the arrested people, a man and a woman studying at different tertiary institutions, are believed to be a couple and suspected core members of the group.

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