Hong Kong recorded a 15 per cent drop in the number of investment scam cases in the first half of this year, but losses remained high at HK$1.65 billion (US$210 million), with police warning of fraudsters posing as representatives of legitimate overseas firms to swindle local investors. Senior Superintendent Fanny Kung Hing-fun said on Friday…
Police officers patrol a street in Mong Kok, Hong Kong on Feb 19, 2026. (PHOTO COURTESY OF ZOU YIFU) The Fun Coffee cryptocurrency investment scam has highlighted the rising ingenuity of Ponzi schemes in the era of artificial intelligence, with experts calling for early detection of suspicious blockchain wallets using tech tools and cross-jurisdiction data…
A Hong Kong lawmaker has warned that an unfolding crypto scam run by a coffee investment venture based in Vietnam could involve more than 1,000 victims, as an investor reported losses of HK$14 million (US$1.73 million) across her team. The warning came as police said that total reported losses tied to the syndicate operating as…