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Hong Kong Police Arrest Conman After He Vanished With Over $191K Belonging to a Crypto Dealer – Information Bitcoin Information

by SB Crypto Guru News
May 13, 2022
in Crypto Updates
Reading Time: 3 mins read
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Hong Kong Police Arrest Conman After He Vanished With Over 1K Belonging to a Crypto Dealer – Information Bitcoin Information

Hong Kong police have arrested a person accused of stealing $191,085 from a cryptocurrency dealer in what turned out to be a bogus transaction. No funds had been recovered on the time of the suspect’s arrest and investigations are ongoing to find out if the man had accomplices.

No Funds Recovered

Hong Kong police just lately arrested a 24-year-old conman accused of vanishing with a crypto dealer’s $191,085 (HK$1.5 million). The con artist now faces a attainable ten-year jail time period if convicted, a report has mentioned.

In line with a South China Morning Submit report that particulars the suspect’s plan, no funds had been recovered when regulation enforcement brokers lastly apprehended the 24-year-old on Could 10. The one gadgets reported to be recovered had been a cell phone, necklaces, and the garments the suspect wore on the time the crime was allegedly dedicated.

Explaining how the suspect managed to fade with the unnamed cryptocurrency dealer’s funds, Hong Kong police inspector Tong Sin-tung of the Yau Tsim felony investigation unit mentioned:

As instructed, the sufferer transferred HK$1.5 million in digital cash into a delegated e-wallet. The [buyer] claimed he wanted to go to the employees room to get cash and exited [the meeting room].

Additional Arrests a Risk

Hong Kong police imagine the suspect could have used a rear exit of a store in Tsim Sha Tsu to get away. Nonetheless, earlier than vanishing, the suspect is reported to have left the cryptocurrency dealer and her colleagues locked up contained in the store. After realizing they’d been duped, the cryptocurrency dealer known as the police.

In the meantime, the report mentioned detectives have but to find out if the suspect had particularly arrange the workplace to con the crypto dealer. The police are additionally wanting on the chance that the suspect could have accomplices, Tong added. The inspector added the police should not ruling out the opportunity of extra arrests.

What are your ideas on this story? Inform us what you suppose within the feedback part beneath.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, creator and author. He has written extensively in regards to the financial troubles of some African international locations in addition to how digital currencies can present Africans with an escape route.







Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, immediately or not directly, for any injury or loss precipitated or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

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