Hong Kong Police Arrest 11 in 'Crash-for-Cash' Scam Crackdown
Hong Kong police have arrested 11 individuals in a crackdown on 'crash-for-cash' scams, which have surged to HK$135 million in claims.
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29 arrested in crackdown on loan sharks who charged victims 3,000% in interest
Hong Kong police have arrested 29 people in a crackdown on a loan-sharking and money‑laundering ring that charged victims annual interest rates as high as 3,000 per cent. Police said on Wednesday that the syndicate had set up a secret call centre in Tsuen Wan and posed as licensed finance companies, randomly phoning people in an attempt to lure them into borrowing money. In the process, they extracted personal information, including occupations, repayment ability and family background. Small...
By Danny Mok
Read full article →Hong Kong police arrest 11 as ‘crash-for-cash’ scams surge to HK$135 million in claims
Hong Kong police have arrested 11 people in the latest crackdown on “crash-for-cash” scams. The schemes, which have generated HK$135 million in suspected fraudulent claims, involve scammers seeking exaggerated sums in damages following traffic accidents. Police said on Wednesday that the number of suspicious traffic accident claims had snowballed to 500 since January, when the […]
By Hans Tse
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