Doctors and Lawyers Also Victimized... 130 Billion Won Financial Fraud Uncovered in Hong Kong

A financial fraud case involving a total of approximately 130 billion KRW, which also affected highly educated professionals such as doctors and lawyers in Hong Kong, has been uncovered.

According to the South China Morning Post (SCMP) on the 12th, the Hong Kong police announced that after a 16-day intensive crackdown on fraud and money laundering organizations until the previous day, they arrested 175 fraud suspects, and the total damage amounted to 780 million Hong Kong dollars (about 137.5 billion KRW).

[Image source=Yonhap News]

The victims numbered 665, ranging in age from 15 to 89, and among them were many highly educated professionals and high-income earners such as doctors, lawyers, pharmacists, investment analysts, and university researchers, the police said.

The amount of damage varied from 900 Hong Kong dollars (about 160,000 KRW) to 28 million Hong Kong dollars (about 4.9 billion KRW).

The largest victim was a 73-year-old retiree who lost 28 million Hong Kong dollars, which he had saved over his lifetime, to an investment scam that promised "low risk, high returns."

SCMP reported that in Hong Kong, all types of fraud cases increased by 42.6% compared to the previous year, and the resulting damage amount rose by 89% to 9.1 billion Hong Kong dollars (about 1.6 trillion KRW).

This content was produced with the assistance of AI translation services.