Policeman, wife jailed over HK$15 million scam - RTHK
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Policeman, wife jailed over HK$15 million scam

2018-06-14 HKT 17:26
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  • The fraudsters lured investors to put money into their business of reselling expensive watches, handbags and smartphones. Photo: RTHK
    The fraudsters lured investors to put money into their business of reselling expensive watches, handbags and smartphones. Photo: RTHK
Three people, including a policeman and his wife, were jailed on Thursday over an investment fraud that saw victims swindled out of around HK$15 million.

The officer was sentenced to two years behind bars while his wife, who the court said was the mastermind behind the scam, was given six years and three months in jail.

Another woman, who was a saleswoman for the pair's business, was sentenced to three years and nine months in prison.

The three were convicted of fraud and money laundering.

The policeman and his wife tricked investors into giving them millions of dollars, luring them with promises of high returns from their business of reselling expensive watches, handbags and smartphones. But the promised returns never materialised.

In sentencing, a District Court judge said the policeman should have had better sense, being as he had been in the force for 22 years. But the officer turned a blind eye towards the activities of his wife, the court said.

The scam went on for 22 months before the law caught up with the trio.