Hong Kong students arrested as alleged core members of HK$2.16m fraud syndicate
Two students are among the suspected core members of a fraud and money-laundering syndicate that have been arrested by Hong Kong police in connection with fake job advertisements, dating scams and bogus concert ticket sales. Police said on Thursday that they had arrested 10 people in an earlier operation targeting the syndicate, which allegedly swindled victims out of more than HK$2.1 million…
Hong Kong police have arrested 10 individuals, including two students, in connection with a fraud and money-laundering syndicate that allegedly defrauded more than HK$2.1 million from 43 victims. The suspects, aged between 13 and 68, were apprehended on suspicion of conspiracy to defraud and money laundering. The operation, which targeted fake job advertisements, dating scams, and bogus concert ticket sales, uncovered a scheme where the syndicate posted fraudulent modelling recruitment ads on social media between October 2024 and May 2025.
Victims were lured into using provided phone numbers to register electronic wallet accounts, which were then manipulated to receive funds from various scams. The syndicate laundered the stolen money through multiple transfers into personal accounts, using expenditures at luxury massage parlours, tertiary institution canteens, and medical clinics.
Brief written by urgent.news from South China Morning Post - Hong Kong's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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