Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Trending in China: Getting Rich Quick by Investing in Street Vendors
Trending in China: Banks Slash Red Tape to Verify ID, Receiving Both Cheer and Skepticism
Swings and Roundabouts for Kingsoft Cloud as it Reports Both Strong Revenue and Widening Losses
LATEST
ByteDance’s News App TopBuzz Is Over
Trending in China: Home Prices Near Best Schools Skyrocket
News Aggregator Qutoutiao Reports Strong Revenue Despite Short Seller Attack
QuantumCTek Gains Approval for Leap Onto Shanghai’s STAR Market
Trending in China: Banks Slash Red Tape to Verify ID, Receiving Both Cheer and Skepticism
Trending in China: Getting Rich Quick by Investing in Street Vendors
Swings and Roundabouts for Kingsoft Cloud as it Reports Both Strong Revenue and Widening Losses
Chinese Online Microlender Qudian Invests in Luxury Goods E-Retailer
Trending in China: Families Jump the Queue For Beijing Car License Plates, Setting Off Debate
Tesla Wannabe Xpeng Preparing for U.S. IPO: Report
Chinese Chipmaker SMIC Eyes $2.8 Billion From Shanghai Listing
Trending in China: Taiwan Pop Star Jay Chou Debuts on Mainland Social Media
Bilibili to Launch Satellite for Science Education Content
BYD Batteries to Power Ford Hybrid
Trending in China: Good News For Street Vendors and Lovers of Street Food
TikTok Owner ByteDance Increasing Indian Operations: Reports
Chinese Online Grocery Operation Dada Seeks $280 Million in U.S. IPO
NetEase Starts $2.6 Billion Hong Kong Secondary Listing
E-Retailer Mogu’s Sales Drop, Even as Livestreaming Makes Big Gains
Xiaomi Maintains Lead in India’s Smartphone Market, But Chinese Peers Catch Up

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