Futu Securities (Hong Kong) Limited 富途證券(香港)有限公司
SFC freezes accounts at 2 brokers of ex-director of delisted company
| Restriction Notices
SFC, 25-Apr-2024
It suspects a fraudulent scheme to misappropriate US$154m under the guise of securities and spot FX trading, between June 2020 and September 2021. The unnamed company is almost certainly Target Insurance (ex-6161) which imploded after depositing US$154m with Nerico Brothers Ltd. Ex-Chairman Mr Ng Yu was earlier alleged by the bust insurer to be the "central figure in the fraudulent scheme".
SFC, 25-Apr-2024
It suspects a fraudulent scheme to misappropriate US$154m under the guise of securities and spot FX trading, between June 2020 and September 2021. The unnamed company is almost certainly Target Insurance (ex-6161) which imploded after depositing US$154m with Nerico Brothers Ltd. Ex-Chairman Mr Ng Yu was earlier alleged by the bust insurer to be the "central figure in the fraudulent scheme".
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