HONG KONG: Hong Kong police have arrested 31 people of a local syndicate that produced deepfake romance and investment scams to defraud victims in Taiwan, Singapore and Malaysia, with criminal proceeds exceeding HK$34 million (US$4.37 million).
Police’s commercial crime bureau, which conducted the arrest operation on Thursday and Friday, said the syndicate had rented two premises in neighbouring industrial buildings in Kowloon Bay to conduct their swindles, which involved approaching victims with deepfaked images of good-looking women they found online.
