Online gambling syndicate smashed

PUBLISHED : Tuesday, 20 July, 2010, 12:00am
UPDATED : Tuesday, 20 July, 2010, 12:00am

Police in Fujian have smashed an online gambling syndicate that handled bets worth more than 328 million yuan (HK$375 million), China News Service reports. Longyan Municipal Public Security Bureau smashed the gambling syndicate on June 29, with 12 suspects arrested, it said. The online gambling hub operated under a pyramid scheme model, with each staff member earning commissions of up to 9 per cent from subordinates. Using the name Oriental Hawaii Online Investment Company, the website collected more than 328 million yuan in two months from April and cultivated more than 200 members in Longyan, Xiamen , Quanzhou and other places, CNS said. Police froze at least 2 million yuan of wagers it said.