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71 Arrested in Hong Kong Scam Crackdown: HK$214M Lost

1/30/2026

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Story summary
  • The Hong Kong police arrested 71 individuals for operating stooge accounts tied to scams, including a director who lost HK$134 million, in a crackdown identifying 69 scam cases with losses over HK$214 million.
  • Scammers impersonated customer service staff to steal bank details.
  • Seven members of a fraud syndicate were apprehended for defrauding nearly 100 victims out of HK$10 million via a bogus bankruptcy scheme, with victims misled into high-fee loans.