Business

Chinese Fraud Rings

Updated 2026-07-17 11:40 UTC 1 source Negative

Organized crime groups in China are involved in tap-to-pay fraud schemes, raking in as much as $1 billion annually from banks and retailers.

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CNBC
Chinese organized crime groups are making as much as $1 billion annually in tap-to-pay fraud schemes targeting retailers and banks.
2026-07-17 11:20 UTC
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