Caixin Global – Latest China News & Headlines

Home >

Chinese Company Found Guilty of Making Jaguar Land Rover Copycat Is Appealing
Streaming Video Leader Bilibili Tries to Assuage Users After Massive Code Leak
Starbucks China Rival Luckin Coffee Files for U.S. Listing
Former Guizhou Governor Gets 20 Years in Prison and $26 Million in Fines for Corruption
Tencent-Backed Private Healthcare Platform Raises $250 Million
Investors Give Thumbs Down to China Mobile, Unicom Earnings
China’s Civil Code Could Include Tightened Provisions on Gene Editing
Seven Companies to Start Selling First Funds for High-Tech Board Stocks
Top Chinese Prosecutor Says It Ordered Former Interpol President’s Arrest
‘Avengers’ Fans Swarm Chinese Cinemas for Premiere
Beijing’s New Airport Invites Fierce Competition for Seoul and Paris Routes
Local Governments Report Upbeat Economic Data
Electronics Giant TCL Posts Strong Revenue Growth After Reorganization
Fosun Chairman Tells Jack Ma He’s Been ‘Thinking About Succession’
High-Tech Board Publishes ‘Common Problems’ It’s Seen in Applications So Far
China’s State Firms Report Solid Performance
Draft Revision to Securities Law Adds New Section for High-Tech Board
Power Grids Face Stricter Price-Setting Oversight
EV Explosions Spark Safety Concerns
Popular KMT Politician Fuels Speculation Over Run for Taiwan’s Top Office in 2020
China’s Tax Cuts Total $50 Billion in First Quarter
Hainan Officials Given 'Demerits' for Damaging Environment
China’s Bike-Sharing Startup Ofo Is Being Booted From Singapore

By Teng Jing Xuan / Dec 06, 2018 12:27 PM / Politics & Law

Photo: VCG

Photo: VCG

Chinese police say they have busted a massive medical-treatment fraud syndicate that allegedly cheated wealthy victims out of a total of 1 billion yuan ($145 million) through an elaborate scheme to convince them they were at high risk of developing cancer.

Authorities in Zhejiang province were tipped off earlier this year when a woman told them she had lost over 6 million yuan after staff at a beauty salon offered her a free trip abroad, where she was given a fake medical exam and told she had a high chance of developing cancer unless she paid for pricey “cancer-prevention” drugs. Police didn’t reveal where the woman had traveled, though other victims were taken to the U.S and Thailand, among other countries.

Police said Thursday that they later discovered that the people who defrauded the Zhejiang woman had been involved in over 2,000 similar cases targeting “high-income big spenders” at beauty salons. A total of 132 suspects have been arrested and over 3,000 boxes of fake drugs seized.

Subscribe to Caixin Global now for 25% off.

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.