Cross-border online betting ring busted


Police in Shenzhen and Hong Kong jointly moved to bust a cross-border bookmaking group that had taken HK$1.2 billion ($155 million) in online horse race bets in recent months. About 120 Hong Kong police arrested 28 men and five women from 16 locations for allegedly taking illegal bets and money laundering. The Hong Kong officers also seized HK$1.7 million in cash. Shenzhen police arrested 23 people, including 11 Hong Kong residents. The ring was allegedly headed by a Hong Kong man and used a server in South America with support from technicians in Shenzhen. The website was password protected and had a changing address to dodge police monitoring. Police believe the ring operated for two years and had been investigating it for a year.