Police Arrested a Gang of Internet Moneylenders Who Lured $ 97 Million from Victims

0
40

[ad_1]

Police Arrested a Gang of Internet Moneylenders Who Lured $ 97 Million from Victims

Ti Gong

The suspects were detained last month from five cities and provinces.

Shanghai police said Thursday that a total of 86 suspects have been caught on charges of online credit fraud, which has resulted in the hijacking of more than 10,000 people nationwide.

According to police, the victims lost about 630 million yuan (US $ 97 million) to the suspects.

Fengxian District Police launched an investigation in May this year after they discovered that several residents in the area had borrowed money from some internet platforms and ended up in deep debt to creditors.

Online loan platforms, operated through 23 mobile apps, were developed by a technology company in Jiangsu province and then sold to suspects who advertised low-interest loan services for victims.

Police said other suspects were brought in to process illegal proceeds through 41 bank accounts.

By installing apps on their phones, police said the victims gave suspects access to their phone contact lists, allowing the suspects to pursue them in a variety of ways.

The victims were charged a loan extension fee of 20 percent a day if they could not repay the loans on time, a condition they did not know about when they borrowed the money.

Borrowers were bombarded with calls from suspects and announcements of other fraudulent lending platforms from which new money could be borrowed to cover their old debts, police said.

According to police, the suspects even threatened to send them edited photographs of naked women with their own faces superimposed on the debtor women.

Due to the “soft violence” on the part of the suspects, the debts of many of the victims grew rapidly.

One of them, a woman named Wang, borrowed several thousand yuan in February this year and eventually returned about 1.5 million yuan to suspects by May by selling her apartment, police said.

The suspects were detained last month from five cities and regions.

[ad_2]

Source link