Hong Kong Police Nab $1.4M Cryptocurrency Fraud Syndicate

Hong Police have busted a crypto fraud syndicate. The syndicate had a clear division of labor. Among the arrested suspects is a 14-year-old. Hong Kong police have cracked down on a crypto fraud syndicate for allegedly using counterfeit money to swindle a dozen victims of digital assets worth over a million. On Sunday, Chief Inspector Lo Yuen-shan said the police had arrested four individuals, including a 14-year-old, on suspicion of conspiracy to defraud and possessing and using 5,000 fake banknotes. The suspects were nabbed Friday at a self-storage facility in Mong Kok, where they kept the bogus currency. Ambitious

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