Hong Kong, Macau police arrest 8 over HK$100m Vietnam coffee investment scam

Hong Kong and Macau police have arrested eight people in a crackdown on an investment scam syndicate that cheated more than 200 people out of nearly HK$100 million (US$12.75 million) by promoting itself as a pioneer of “kinetic coffee philosophy”. Operating under the name Fun Coffee, the syndicate established a presence in Hong Kong last year. It says on its website that it is a coffee investment enterprise based in Phu Quoc, Vietnam, with assets of more than US$1 billion and a team of more t...

By Danny Mok