60-year-old woman in Hong Kong falls victim to a crypto investment scam, suffering total losses of approximately HK$21.5 million.
4 days ago
Hong Kong police received a report on October 3 from a 60-year-old woman. The woman had previously met a self-proclaimed "investment expert" on an online platform, who later lured her to invest in cryptocurrency on a fake website through an online investment platform. The involved platform then demanded the woman pay a deposit to verify that her investment account was not used for money laundering. Between April 14 and September 22, the woman transferred funds multiple times to the designated investment accounts, totaling approximately HK$21.5 million. She subsequently reported the case to police after suspecting fraud. Following an initial investigation, police classified the case as "obtaining property by deception" and assigned it to the Fourth Criminal Investigation Team of Sau Mau Ping Police District. No arrests have been made in connection with the case so far. Police stated that upon conviction for this offense, the maximum penalty is 14 years of imprisonment.
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