A suspected core member of a sophisticated ramp-and-dump syndicate, wanted by the Securities and Futures Commission (SFC) and subject to an arrest warrant since October 2022, was arrested today in a joint operation by the SFC and the Police. The 55-year-old man, previously featured on the SFC’s “Have you seen these people?” list, was apprehended following a report to the SFC. He is detained pending a hearing in the Eastern Magistrates’ Court tomorrow. Eleven other individuals, including suspected masterminds, have already been charged and will be tried in the District Court. The SFC’s Executive Director of Enforcement highlighted the arrest as a result of collaboration with the Police and public cooperation in providing valuable information.
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