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

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 not too long ago 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 doable ten-year jail time period if convicted, a report has mentioned.

According to a South China Morning Post report that particulars the suspect’s plan, no funds had been recovered when regulation enforcement brokers lastly apprehended the 24-year-old on May 10. The solely 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 legal investigation unit mentioned:

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

Further Arrests a Possibility

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

Meanwhile, 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 trying on the chance that the suspect might have accomplices, Tong added. The inspector added the police usually are not ruling out the opportunity of extra arrests.

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