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Hong Kong, Macau police arrest 8 over HK$100m Vietnam coffee investment scam

Hong Kong, Macau police arrest 8 over HK$100m Vietnam coffee investment scam
Key Points

Hong Kong and Macau police have arrested eight people in a crackdown on an investment scam syndicate that cheated more than 200 people out of nearly HK$100 million (US$12.75 million) by promoting itself as a pioneer of “kinetic coffee philosophy”. Operating under the name Fun Coffee, the syndicate established a presence in Hong Kong last year. It says on its website that it is a coffee investment enterprise based in Phu Quoc, Vietnam, with assets of more than US$1 billion and a team of more...

Hong Kong and Macau police have arrested eight people in a crackdown on an investment scam syndicate that cheated more than 200 people out of nearly HK$100 million (US$12.75 million) by promoting itself as a pioneer of “kinetic coffee philosophy”. Operating under the name Fun Coffee, the syndicate established a presence in Hong Kong last year. It says on its website that it is a coffee investment enterprise based in Phu Quoc, Vietnam, with assets of more than US$1 billion and a team of more than... [Image text:] FUN COFFEE SANG TAO TUNG NGUM BUT PHA TUNG BUOC
Hong Kong (LOCATION) Macau (LOCATION) Vietnam (LOCATION) Fun Coffee (ORG) Phu Quoc (LOCATION)
Originally published by South China Morning Post Read original →