Police in Yueqing, Zhejiang Province, announced the takedown of an online loan fraud syndicate based in Changsha, Hunan, arresting 30 suspects. The group used illegally acquired phone number databases and deployed AI voice systems to make mass automated calls. Once the AI detected prospects with genuine loan needs, the calls were instantly transferred to human telemarketers.
Victims were manipulated by scammers posing as loan platform customer service agents. Under false pretexts such as liquidity verification, credit limit upgrades, and VIP membership refunds, victims were coerced into transferring funds. Over a two-month span, the ring defrauded more than 1,000 individuals, racking up over 10 million yuan in transaction volume. Authorities have frozen over 1 million yuan in illicit funds and seized more than 100 devices as the investigation proceeds.
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