Hong Kong Man Loses HK$2.8 Million in Electricity Company Impersonation Investment Scam

Hong Kong man loses HK$2.8 million in investment scam, among 50 cases in past week

A Hong Kong man has lost over HK$2.8 million (US$357,000) in an online investment scam in which fraudsters claiming to be employees of electricity companies duped him into investing in a “recyclable waste project”. Police also said on Wednesday that the force had recorded 50 investment scams in the past week, with losses totalling over HK$30 million. The force said the man in his 60s became acquainted with the scammer on Facebook. The fraudster claimed to be an employee of CLP Power, one of H...

By Leopold Chen