IN BRIEF (Page 4)

Guangdong

249 suspected of software fraud

Police said 249 suspects will face criminal charges for allegedly swindling investors out of 40 million yuan ($6.2 million) in Shenzhen. Police sources said the gang targeted stock market investors with so-called inside information through software they developed. The suspects then manipulated the data to defraud clients and charged high commissions, the police said. About 43 million yuan was frozen and more than 1,000 computers and cellphones were confiscated. The case is under further investigation.