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Ex-Hong Kong fencer jailed 41 months for laundering HK$10.6 million

A former Hong Kong fencer, Chiu Man-to, has been sentenced to 41 months in prison for his role in laundering over HK$10.6 million. Chiu admitted to using five bank accounts under his name to facilitate the money laundering scheme between August 4 and 27, 2021. He claimed he was recruited through a social media post and was promised a 1% commission on revenue, ultimately profiting about HK$4,000 from the illicit transactions. AI

RANK_REASON This is a criminal case involving money laundering, not a core AI development or industry event.

Read on SCMP — Tech →

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Ex-Hong Kong fencer jailed 41 months for laundering HK$10.6 million

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This is a criminal case involving money laundering, not a core AI development or industry event.
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67 days old
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Fiona Chow ·

    Ex-Hong Kong fencer jailed 41 months for role in laundering HK$10.6 million

    A former Hong Kong fencer has been sentenced to three years and four months in prison for laundering more than HK$10 million (US$1.27 million), saying in mitigation that he opened the mule accounts to “make a quick buck”. The District Court on Tuesday heard the guilty pleas from …