Online gang busted
Print Edition
Police in Luoyang, central China鈥檚 Henan Province, have detained 75 suspects in an alleged telecom and online fraud case concerning a fake stock-trading platform.
A total of 88 computers, 110 mobile phones, nine cars and hundreds of bank cards were confiscated, according to the city鈥檚 public security bureau on Saturday. The police said the suspects, disguised as online stock brokers, added victims on social media platforms, dragged them into group chats entitled 鈥渟tock investment鈥 and recommended promising stocks regularly. They would provide a fake stock-trading platform through which victims鈥 money would go to their accounts instead of the stock market. After manipulating stock prices on the fake platform, the suspects would tell the victims they have suffered huge losses or just blacklist them.
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