Man Arrested Over 'million-dollar Face Mask Scam'
"); jQuery("#212 h3").html("

"); });
2020-03-25 HKT 15:21
Police said on Wednesday that they had arrested a 40-year-old man suspected of cheating more than a hundred people in a face mask scam that netted almost HK$1 million.
Officers said averts on social media offered masks from Japan at prices below market rates, now such products have become scarce due to the coronavirus pandemic.
Boxes of 50 masks were available for HK$55, the Facebook advert claimed.
But police said that once customers completed bank transfers for bulk orders, the "seller" took the money and disappeared.
The force said 103 people fell for the scam, handing over HK$950,000 between them. One victim alone lost HK$186,000, officers said.
They added that they believe more than one person was involved in the fraud and further arrests could be made.
A16z Crypto Opens First Office In Seoul To Expand In Asia
a16z crypto, the crypto-focused arm of Andreessen Horowitz, has announced its expansion into Asia with the opening of i... Read more
Trio AI And AbbyPay Partner To Integrate AI Into Payment Processing
Trio AI, a Hong Kong-based AI infrastructure service provider, has signed a MouU with AbbyPay, a POS-free digital payme... Read more
Modernising Bank Payments: How Banks Can Win In Merchant Acquiring
Banks have been the backbone of merchant acquiring. Their regulatory strength, trusted brands, and long-standing mercha... Read more
KPay Enables Tap To Pay On IPhone For Hong Kong Merchants
KPay now allows its Hong Kong merchants to accept in-person contactless payments using Tap to Pay on iPhone. The featur... Read more
HashKey Group IPO Targets Up To HK1.67 Billion In Hong Kong Listing
Licensed crypto exchange HashKey Group is intending to raise as much as HK$1.67 billion in its Hong Kong initial public... Read more
Endowus Launches Income Enhanced Portfolio For Professional Investors
Endowus, an independent wealth advisor and investment platform in Asia, has launched its Income Enhanced Portfolio, ava... Read more

