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 suspected HK$4 million craft beer fraud scheme, according to police reports. The suspects, aged between 46 and 54, are alleged to have conspired to defraud people of their investments. They allegedly held roles such as company director, office person-in-charge, and investor recruiter.
The investigation revealed that the syndicate began operating last November by enticing potential investors with promises of high returns on craft beer machines. It was claimed that the machines would be rented out on the mainland mainland and could generate annual returns of 60%. Police stated that the suspects organized investment seminars and invited prospective investors to their office to sample the beer.
Initially, the syndicate paid returns to investors, but later stopped doing so. Police confirmed that the syndicate had no actual operations in Hong Kong, and some of the invested funds were found to have been transferred to personal accounts belonging to the suspects. So far, police have reached out to six victims, with losses totaling more than HK$4 million.
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