China arrests 257 suspects in $840 million national asset-unfreezing scam crackdown

  • Chinese authorities dismantled a transnational national asset-unfreezing fraud ring and arrested 257 suspects.
  • 101 suspects were arrested in China, while international partners detained 156 across Laos, Singapore and Cambodia.
  • Authorities identified the network in January and launched the coordinated takedown in July.

Chinese authorities dismantled a transnational national asset-unfreezing fraud ring involving more than 6 billion yuan ($840 million) and arrested 257 suspects across China, Laos, Singapore and Cambodia. The Ministry of Public Security coordinated the operation, with Jilin police arresting 101 suspects domestically and international partners detaining 156 others, who were later escorted back to China. Investigators identified the network in January and launched the coordinated takedown in July. The gang fabricated projects including "Fuxing Huijin," "Elderly Care Action" and "China Dream," then targeted older people through custom-developed fraudulent apps and online traffic diversion schemes. Authorities said the long-running operation defrauded a large number of victims.

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