First published: 31st July 2007
Hong Kong Police arrested eight suspects in pre-dawn raids of twenty premises on 26th July following investigations triggered by a complaint by eBay HK, several months ago. The gang are believed to have made HK$5 million by offering electronic goods on eBay that were never delivered.
Jenny Yip, eBay Communication Manager said, "Online fraud is an industry-wide problem globally. The industry is working hard to combat the problem." The gang made over 2000 transactions, many with customers from Britain and the United States. Senior Superintendent Man Chi-hung, of the Commercial Crime Bureau warned fraud "could happen anywhere and anytime in any corner of the world".