Three arrested over HK$4m craft beer scam
Two men and a woman have been arrested on suspicion of conspiracy to defraud in connection with an alleged scheme that induced people to invest in craft beer machines. The suspects, aged between 46 and 54, were said to have held the roles of company director, office person-in-charge and investor recruiter, police said. An investigation found that the alleged criminal syndicate began operating…
Three individuals have been arrested in connection with a alleged scheme that defrauded investors out of over HK$4 million, according to police. The suspects, between the ages of 46 and 54, held positions as company director, office person-in-charge, and investor recruiter. Police allege the group began operating last November by promising high returns of up to 60 percent on craft beer machines.
They claimed the machines would be rented out on the mainland, and held investment seminars to recruit prospective investors. The syndicate allegedly took investors to their office to sample the beer, paying out initial returns but later stopping. Despite these payments, police found some funds had been transferred to personal accounts. So far, police have reached out to six victims, with losses totaling more than HK$4 million.
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