Business & Finance
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