A police officer and his wife are on trial for allegedly cheating 14 people, including other policemen, out of HK$24 million (US$3 million) in a discount racket.
They are facing 27 counts of fraud and money laundering, along with a co-defendant.
Au-yeung Hak-man, 39, and his wife Chu Hoi-yan, 36, persuaded the victims to invest in Chanel products, claiming they could get them at half price and resell them at a huge profit, Apple Daily reports, citing court documents.
The couple ran the alleged scam from January 2011 to November 2013.
The victims never saw the goods or received any share of the promised profit, according to the writ.
Also, Au-yeung and Chu allegedly induced others to buy luxury watches and handbags for the purpose of speculation and pocketed the money.
A sales agent, Lee Yuk-fung, 44, aided the couple.
And together, the three co-defendants allegedly laundered HK$46 million through their bank accounts, the writ shows.
A Tsuen Wan magistrate’s court adjourned the hearing to July 5.
It might resume in a superior court, with the possibility of an additional 126 charges, sources said.
Au-yeung was released on HK$50,000 bail while Chu and Lee were were each allowed to post HK$30,000 surety.
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