The Aporia
Ma, J. (2026, October 15). 6 arrested over HK$14m agarwood and crypto investment scam that ran for 9 years. South China Morning Post. https://www.scmp.com/news/hong-kong/law-and-crime/article/3371037/6-arrested-over-hk14m-agarwood-and-crypto-investment-scam-ran-9-years?utm_source=rss_feed
Ma, Jess. “6 arrested over HK$14m agarwood and crypto investment scam that ran for 9 years.” South China Morning Post, 15 Oct. 2026, https://www.scmp.com/news/hong-kong/law-and-crime/article/3371037/6-arrested-over-hk14m-agarwood-and-crypto-investment-scam-ran-9-years?utm_source=rss_feed.
Ma, Jess. “6 arrested over HK$14m agarwood and crypto investment scam that ran for 9 years.” South China Morning Post, October 15, 2026. https://www.scmp.com/news/hong-kong/law-and-crime/article/3371037/6-arrested-over-hk14m-agarwood-and-crypto-investment-scam-ran-9-years?utm_source=rss_feed.
Dated from the outlet's own feed. Check the original for its byline.
Hong Kong police arrested six individuals on October 13th in connection with a nine-year-old scam involving BBB Group (Hong Kong). The scheme, which targeted mostly elderly people aged between 52 and 82, offered fraudulent investments in agarwood, cryptocurrency, and car-wash businesses. Investigations began in September when the police received 21 complaints from victims whose total losses amounted to HK$14 million (US$1.78 million). Superintendent Allan Chu Ming-lun of the commercial crime bureau stated that the firm delayed investor withdrawals using various excuses to avoid repayment responsibilities. Individual investments ranged from HK$30,000 to HK$1.9 million per victim.