Money exchange swindlers conned two victims out of US$1 million, Hong Kong police say after arresting four and seizing HK$8 million in fake notes

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Hong Kong police seized nearly HK$8 million in counterfeit banknotes and arrested four suspected members of a remittance fraud gang who swindled two victims out of more than 7.1 million yuan (US$1.03 million), investigators said on Friday.The syndicate ran two phoney money exchange shops in Mong Kok and Sham Shui Po and posted messages online saying the outlets offered preferential rates to lure targets, according to the force.“Fake banknotes were shown in front of clients to gain their trust…

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