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

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Hong Kong Police Arrest Conman After He Vanished With Over $191K Belonging to a Crypto Trader – News Bitcoin News
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Before vanishing, the suspect is reported to have left the cryptocurrency trader and her colleagues locked up inside the shop. cryptocurrency digitalmoney

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

Hong Kong police have arrested a man accused of stealing $191,085 from a cryptocurrency trader in what turned out to be a bogus transaction. No funds were recovered at the time of the suspect’s arrest and investigations are ongoing to determine if theHong Kong police recently arrested a 24-year-old conman accused of vanishing with a crypto trader’s $191,085 . The con artist now faces a possible ten-year jail term if convicted, a report has said.

Explaining how the suspect managed to vanish with the unnamed cryptocurrency trader’s funds, Hong Kong police inspector Tong Sin-tung of the Yau Tsim criminal investigation unit said: As instructed, the victim transferred HK$1.5 million in digital money into a designated e-wallet. The [buyer] claimed he needed to go to the staff room to get money and exited [the meeting room].Hong Kong police believe the suspect may have used a rear exit of a shop in Tsim Sha Tsu to get away. However, before vanishing, the suspect is reported to have left the cryptocurrency trader and her colleagues locked up inside the shop.

Meanwhile, the report said detectives have yet to determine if the suspect had specifically set up the office to con the crypto trader. The police are also looking at the possibility that the suspect may have accomplices, Tong added. The inspector added the police are not ruling out the possibility of more arrests.

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