Police arrest seven over ‘HK$110 mn funding scam’

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Police arrest seven over ‘HK$110 mn funding scam’

Police arrest seven over ‘HK$110 mn funding scam’

Police stated they’ve arrested seven other folks for his or her suspected involvement in an funding scam though-provoking HK$110 million.

Officers stated the seven ranking allegedly duped a minimum of 182 victims into investing in initiatives though-provoking low probability but attracting high returns, equivalent to organising elderly care properties.

They whisper the alleged scammers in actuality commenced work on some initiatives to compose them seem legitimate, and gave the investors tours to those websites.

The alleged victims were told they’d become firm directors, and might maybe well bask in returns of up to 70 percent, the flexibility stated.

Most of the victims are stated to be retirees or specialists who were concerned to spice up their savings.

One of them lost as worthy as HK$5.7 million.

The capacity entreated other folks to be extra vigilant sooner than making investments.

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