TREE NEWS update: Hong Kong police arrested 17 people in a crackdown on a phone scam ring that targeted the elderly, seizing HK$3.67 million in cash. The gang recruited Malaysians to pose as relatives in distress, collecting HK$4.67 million in bail money from 22 victims. Police noted that some crypto exchanges were used to launder funds, urging them to verify customers.
Hong Kong Police Bust Phone Scam Gang, Seize HK$3.67M
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