Jinse Finance reported that the Hong Kong police arrested 11 people in the past few days, involved in money laundering and fraud. In the past half a year, at least 52 bank accounts were used to launder the proceeds of crime, involving more than 124 million yuan, and successfully dismantled a criminal organization controlled by the underworld. criminal gang. The Commercial Crime Investigation Division of the police stated that five of the arrested persons were key members of the syndicate, including a person who claimed to manage a cryptocurrency shop, and the rest were puppet account holders who contacted them through online advertisements or friends’ introductions and claimed to be able to make quick money. money work. During the operation, the police also successfully smashed the group's operating base and cash storage in Tsim Sha Tsui, and seized cash worth about 800,000 Hong Kong dollars. The police said that on the day of the operation, two members of the group were found to withdraw a large amount of cash and run errands, handing over the cash to another key member of the group, who then took the cash directly to a cryptocurrency store, and was later arrested by the police. The investigation found that the store had no business registration or company registration records. The police also pointed out that one of the key members used two private companies of which he was a director, and used false bank statements to apply for the 100% guaranteed preferential loan launched by the government. He successfully defrauded a total of 3.9 million yuan. The loan has been successfully blocked by the police. During the police operation, bank documents, check books, nearly 40 mobile phones and multiple company seals were seized, which may be used for fraudulent purposes.