Hong Kong Police Arrest 27 in Major Fraud Syndicate Bust

Hong Kong Police Dismantle Major Fraud Syndicate

In a significant operation, Hong Kong police have successfully dismantled a large fraud syndicate, leading to the arrest of 27 individuals suspected of defrauding numerous victims both locally and internationally. The total amount involved in these fraudulent activities is estimated to be a staggering HKD 360 million.

Operation Overview

Superintendent Yiu Wing-kin from the New Territories South Regional Crime Headquarters reported that intelligence regarding the syndicate was received back in August 2023. Following a thorough two-month investigation, authorities identified the operational center of the syndicate and its members.

On the 9th of this month, an operation codenamed 'Dark Language' was launched, involving over 100 detectives from the New Territories South Regional Crime Unit. The operation was further supported by the Cyber Security and Technology Crime Bureau, which aided in gathering evidence related to network and cryptocurrency transactions.

How the Syndicate Operated

The syndicate was characterized by its high secrecy, implementing strict security measures around its premises. Victims were coerced into utilizing highly private cryptocurrency transactions, deliberately avoiding traditional bank accounts. This tactic significantly complicated the police's efforts to trace the funds involved in these crimes.

Nature of Fraud

Superintendent Yiu further indicated that the primary method employed by the syndicate to lure victims was online romance scams. These scams effectively manipulated individuals into believing in fake relationships, ultimately convincing them to invest in cryptocurrency schemes orchestrated by the fraudsters.

To reinforce their operations, the syndicate employed technology experts, notably graduates majoring in digital media from local universities. They also collaborated with overseas fraudsters to create a fictitious cryptocurrency platform that facilitated their scams.

Conclusion

In light of this operation, Hong Kong police express confidence that they have made significant strides in dismantling this organized fraud syndicate. The cooperation of various police units and the utilization of technological expertise were vital in the successful execution of 'Dark Language.'

Further Investigations

The investigation continues as authorities seek to uncover more information about the syndicate's operations and identify additional victims. Victims are urged to come forward and report their experiences to aid in the investigation.

As fraud schemes become increasingly sophisticated, residents are reminded to remain vigilant and skeptical, especially when approached for investments in cryptocurrencies.