FILE PHOTO: An electric display chart showing the afternoon trading trend of the blue chip Hang Seng Index is seen through a camera at a brokerage in Hong Kong, China July 8, 2015. REUTERS/Tyrone Siu/File Photo
HONG KONG: Hong Kong police are struggling to deal with digital pump-and-dump schemes targeting brokerages – a little-known type of computer-generated fraud that surged in the Chinese territory last year.
Although the money involved was small – only about US$20mil (RM89mil) worth of shares – there were 81 such incidents reported in 2016, more than triple the number in 2015, according to police.
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