Chinese authorities have dismantled a transnational "national asset unfreezing" fraud ring involving more than 6 billion yuan ($840 million), arresting 257 suspects across China, Laos, Singapore, and Cambodia. The Ministry of Public Security coordinated the operation, with Jilin police arresting 101 suspects domestically while international partners detained 156 others who have since been escorted back to China.
The criminal gang fabricated fake national projects including "Fuxing Huijin," "Elderly Care Action," and "China Dream" to target elderly victims through custom-developed apps and online traffic diversion schemes. Authorities identified the network in January and launched the coordinated takedown in July, citing a large number of victims defrauded through these long-term schemes.
Chinese Police Dismantle Transnational Fraud Ring Involving Over 6 Billion Yuan
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