The onetime Tak Chun boss was found to have facilitated HK$1.5 billion in covert bets at local casinos over a six-year period.
fraud
The defence and the prosecution have concluded their arguments in the case that involves 80 counts of fraud, illicit gambling, and money laundering.
There are now more than 1,600 cameras keeping Macao under surveillance, with more planned for other parts of the city, including the New Urban Zone.
Romance and gambling scams two main causes. Other crime under control, with police making good use of CCTV to apprehend suspects.
As pandemic keeps people at home and entry restrictions are tightened up, more and more fraudsters go online to fleece unwary residents.
Credit card fraud runs rampant as customers shop from home, but while there is less violent crime, child sexual abuse is on the rise.
The case involves nine suspects including a bank manager, 11 banks, fraudulent mortgage loans worth MOP 770 million, 362 loans granted by the banks, and MOP 219 million in illegal gains.
A local man was arrested at the Barrier Gate checkpoint for cheating a mainlander out of HK$600,000 after claiming he could help him repay his debts in Macao.
Three men and a woman were arrested for selling 15 fake casino chips worth HK$100,000 each, defrauding two men of HK$1.47 million.