15 people were arrested by the police on suspicions of fraud and money laundering, after a run-up in the stock of Next Digital last month. The company’s shares rose 1,200 per cent over just a few days after a campaign was launched on online platforms. Photo: K Y Cheng 15 people were arrested by the police on suspicions of fraud and money laundering, after a run-up in the stock of Next Digital last month. The company’s shares rose 1,200 per cent over just a few days after a campaign was launched on online platforms. Photo: K Y Cheng
15 people were arrested by the police on suspicions of fraud and money laundering, after a run-up in the stock of Next Digital last month. The company’s shares rose 1,200 per cent over just a few days after a campaign was launched on online platforms. Photo: K Y Cheng

Hong Kong’s Securities and Futures Commission takes on financial fraud on social media, launches Facebook page

  • ‘Cracking down on organised investment fraud on online platforms is a high priority’: CEO
  • Launch follows the run-up in Next Digital stock after a social-media campaign

Topic |   SFC
15 people were arrested by the police on suspicions of fraud and money laundering, after a run-up in the stock of Next Digital last month. The company’s shares rose 1,200 per cent over just a few days after a campaign was launched on online platforms. Photo: K Y Cheng 15 people were arrested by the police on suspicions of fraud and money laundering, after a run-up in the stock of Next Digital last month. The company’s shares rose 1,200 per cent over just a few days after a campaign was launched on online platforms. Photo: K Y Cheng
15 people were arrested by the police on suspicions of fraud and money laundering, after a run-up in the stock of Next Digital last month. The company’s shares rose 1,200 per cent over just a few days after a campaign was launched on online platforms. Photo: K Y Cheng
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