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Property Manager Sentenced for HK$61 Million Fraud Scheme

12/30/2025

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Summary

Story summary

Wong Wai-lung, a Hong Kong property manager, was sentenced to 18 years for defrauding a housing estate of HK$61.1 million (US$7.8 million) over ten years.
The High Court found he inflated reimbursement claims by adding a zero to cheques.
Wong, 53, admitted to manipulating financial documents and falsifying bank statements to cover his fraud.
This case marks the largest theft from a Hong Kong residential complex's owners’ corporation to date.

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Story summary

Wong Wai-lung, a Hong Kong property manager, was sentenced to 18 years for defrauding a housing estate of HK$61.1 million (US$7.8 million) over ten years.
The High Court found he inflated reimbursement claims by adding a zero to cheques.
Wong, 53, admitted to manipulating financial documents and falsifying bank statements to cover his fraud.
This case marks the largest theft from a Hong Kong residential complex's owners’ corporation to date.