Fraudulent Investment Scheme Details
Authorities revealed the Hong Kong-based suspects allegedly presented their company as having secured a casino VIP lounge management contract, promising 3% monthly returns through phased investments. Judicial Police spokesperson Leng Kam Long stated the pair “repeatedly urged the victim to invest in a VIP room at a NAPE-area casino,” per local reports.
Investigators disclosed forged documents bearing counterfeit casino logos, corporate seals, and signatures were used to validate the phantom operation. The scheme included orchestrated tours of a gaming venue where staff allegedly explained non-existent VIP room operations to the investor.
Court documents indicate the foreign national, introduced through an acquaintance in 2023, initially hesitated before being swayed by fabricated contracts and guarantees of casino-linked income streams. Police emphasize that these tactics were designed to simulate operational legitimacy prior to the 2025 payment default.
Funds Transfer Timeline
Between November 2023 and April 2024, the investor transferred funds totaling CNY8.4 million and HK$19 million (about US$3.59 million combined) through multiple transactions. Initial “profits” of HK$4 million were disbursed to maintain credibility before payments ceased abruptly in April 2024.
Authorities allege the suspects ignored refund demands, leaving a net loss of HK$24 million. After seven months of unfulfilled promises, the investor formally reported the fraud to the Macau police in November 2025.
Fraudulent Scheme Unravels at Border
Macau investigators confirmed the casino cited in the suspects’ paperwork denied any partnership with their Hong Kong-based company, verifying no VIP lounge contract existed. Forensic examination revealed mismatched fonts, irregular signatures, and non-standard formatting in the presented documents, proving forgery. Judicial Police emphasized the entity had never conducted legitimate business operations.
Authorities apprehended Luo and Yang during a re-entry attempt through the Border Gate on January 12, seizing three counterfeit company seals, two smartphones, and HK$222,000 in cash. Investigators concluded the initial HK$4 million “returns” were likely part of the victim’s own transferred funds rather than genuine profits.
