CHENGDU, July 30 (Xinhua) - Police in southwest China's Sichuan Province busted an online fraud ring and detained 128 suspects involved in over 5,000 cases.
The amount of money involved in the fraud cases totaled 100 million yuan (14.5 million US dollars).
In March 2019, a victim reported to the local police in the city of Pengzhou that he had been cheated out about 870,000 yuan by online investment fraud in five months.
By tampering with the data of the online platforms they built, the suspects have tricked victims to double down on their amount of investment and appropriated their money with the excuse of failed investment, according to the local police.
Through three months' investigation, local police gradually confirmed the criminal gang's location, staff structure, fraud process and fund flow information.
In June, 45 core members of the ring were arrested, and a total of 128 suspects' identities were later confirmed, with nine vehicles, over 200 computers, two properties and bank accounts containing over 5 million yuan were frozen.
The case is under further investigation.