Hong Kong Police Arrest Conman After He Vanished With Over $191K Belonging to a Crypto Trader

Hong Kong constabulary person arrested a antheral accused of stealing $191,085 from a cryptocurrency trader successful what turned retired to beryllium a bogus transaction. No funds were recovered astatine the clip of the suspect’s apprehension and investigations are ongoing to find if the man had accomplices.

No Funds Recovered

Hong Kong constabulary precocious arrested a 24-year-old conman accused of vanishing with a crypto trader’s $191,085 (HK$1.5 million). The con creator present faces a imaginable ten-year jailhouse word if convicted, a study has said.

According to a South China Morning Post report that details the suspect’s plan, nary funds were recovered erstwhile instrumentality enforcement agents yet apprehended the 24-year-old connected May 10. The lone items reported to beryllium recovered were a mobile phone, necklaces, and the apparel the fishy wore astatine the clip the transgression was allegedly committed.

Explaining however the fishy managed to vanish with the unnamed cryptocurrency trader’s funds, Hong Kong constabulary inspector Tong Sin-tung of the Yau Tsim transgression probe portion said:

As instructed, the unfortunate transferred HK$1.5 cardinal successful integer wealth into a designated e-wallet. The [buyer] claimed helium needed to spell to the unit country to get wealth and exited [the gathering room].

Further Arrests a Possibility

Hong Kong constabulary judge the fishy whitethorn person utilized a rear exit of a store successful Tsim Sha Tsu to get away. However, earlier vanishing, the fishy is reported to person near the cryptocurrency trader and her colleagues locked up wrong the shop. After realizing they had been duped, the cryptocurrency trader called the police.

Meanwhile, the study said detectives person yet to find if the fishy had specifically acceptable up the bureau to con the crypto trader. The constabulary are besides looking astatine the anticipation that the fishy whitethorn person accomplices, Tong added. The inspector added the constabulary are not ruling retired the anticipation of much arrests.

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