6 arrested over HK$14m agarwood and crypto investment scam that ran for 9 years

South China Morning Post·October 15, 2026 at 11:13 AM

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Hong Kong police have arrested six people allegedly tied to a nine-year scam run by a suspected cross-border criminal syndicate offering business opportunities in agarwood and cryptocurrency, with funds involved reaching HK$14 million (US$1.78 million). Superintendent Allan Chu Ming-lun of the commercial crime bureau said on Thursday that investigations began in September after the force received 21 reports from victims, mostly elderly people, saying they had been investing in various products...

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6 arrested over HK$14m agarwood and crypto investment scam that ran for 9 years

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