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The manager of an unregistered employment agency in the Qingpu district of Shanghai has been arrested for defrauding clients of CNY 220,000 (USD 36,000). He charged them large commissions in exchange for lucrative positions or business contracts that he never delivered, local police said Monday, reports globaltimes.cn.
The suspect, Mr Liao, convinced his clients to pay high commission fees, then absconded with all of their money, according to a press release from the Qingpu District Public Security Bureau.
Police began investigating Mr Liao after one of the victims reported on 21 January 2014 that he had paid Mr Liao a total of CNY 100,000 (USD 16,382) over three occasions to win a contract for an undisclosed project, police said.
By the time the victim heard that he hadn't won the contract, Mr Liao had abandoned his place of business and disappeared with the money, police said. Police later received several other reports from victims with similar experiences.
Investigating officers soon discovered that Mr Liao had been operating an unregistered employment service since August out of an office in Xujing town in Quingpu.
They listed Mr Liao as a wanted suspect online and discovered he was hiding in Hubei Province. They arrested Liao with the help of Hubei police on 24 January. Mr Liao had already spent CNY 20,000 (USD 3,275) of the money he had stolen. Police were able to recover the rest.