Police arrest seven over ‘HK$110 mn investment rip-off’

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Police arrest seven over ‘HK$110 mn investment rip-off’

Police arrest seven over ‘HK$110 mn investment rip-off’

Police acknowledged they have gotten arrested seven of us for his or her suspected involvement in an investment rip-off bright HK$110 million.

Officers acknowledged the seven have allegedly duped a minimal of 182 victims into investing in tasks bright low chance nevertheless attracting excessive returns, such as establishing elderly care properties.

They divulge the alleged scammers no doubt commenced work on some tasks to receive them seem reliable, and gave the investors excursions to those web sites.

The alleged victims had been instructed they’d change into company directors, and would maybe well revel in returns of as a lot as 70 p.c, the force acknowledged.

Plenty of the victims are acknowledged to be retirees or experts who had been alive to to prolong their financial savings.

One in all them misplaced as powerful as HK$5.7 million.

The force entreated of us to be extra vigilant sooner than making investments.

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