Hong Kong and Macau police have cracked down on a cross-border phone scam syndicate that defrauded victims of HK$22 million (US$2.8 million) across 168 cases. The operation resulted in the arrests of three men and four women in Macau, aged between 27 and 48, who were suspected to be involved in about 160 telephone scams,…
Nearly 100 Hongkongers have been scammed out of HK$90 million (US$11.6 million) in just one week by online fraudsters posing as investment experts to lure victims into betting on cryptocurrency and stocks by offering fake insider knowledge and tips. One 84-year-old businessman suffered the largest single loss when he was deceived into investing in cryptocurrency,…
The Hong Kong Monetary Authority (HKMA) has teamed up with banks and the police to launch a new public awareness campaign to combat rising scams that have defrauded the city’s residents to the tune of billions of dollars. The HKMA on Wednesday released the first video in the series titled “Click the Links, Fall for…
The Hong Kong Monetary Authority (HKMA) has teamed up with banks and the police to launch a new public awareness campaign to combat rising scams that have defrauded the city’s residents to the tune of billions of dollars. The HKMA on Wednesday released the first video in the series titled “Click the Links, Fall for…