Investment scams are on the rise, with authorities reporting over 30 cases in the past week, with losses exceeding 60 million Hong Kong dollars. One victim, a female director at an investment company, reports losing 45 million Hong Kong dollars after being misled by a false investment website. The scam unfolded via a social messaging app, WeChat, where the victim, after leaving a message on a video post about investments, received a response from a scammer. They exchanged phone numbers and continued to share investment insights on WhatsApp. Both parties developed a rapport, after which the scammer introduced the victim to a fake environmental investment website, promising high profits. Despite the convincing appearance, the victim followed the fake website's instructions and made over 60 transfers, with 90 percent of the payments going into different personal bank accounts. The victim only realized they were scammed when the fake website suddenly displayed a profit of 650 million Hong Kong dollars but could not withdraw funds, resulting in a total loss of 45 million Hong Kong dollars. Police have advised residents to beware of unknown links and to verify the legitimacy of any investment platform before committing any funds. Investment scams are on the rise, with authorities reporting over 30 cases in the past week, with losses exceeding 60 million Hong Kong dollars. One victim, a female director at an investment company, reports losing 45 million Hong Kong dollars after being misled by a false investment website. The scam unfolded via a social messaging app, WeChat, where the victim, after leaving a message on a video post about investments, received a response from a scammer. They exchanged phone numbers and continued to share investment insights on WhatsApp. Both parties developed a rapport, after which the scammer introduced the victim to a fake environmental investment website, promising high profits. Despite the convincing appearance, the victim followed the fake website's instructions and made over 60 transfers, with 90 percent of the payments going into different personal bank accounts. The victim only realized they were scammed when the fake website suddenly displayed a profit of 650 million Hong Kong dollars but could not withdraw funds, resulting in a total loss of 45 million Hong Kong dollars. Police have advised residents to beware of unknown links and to verify the legitimacy of any investment platform before committing any funds. Police have advised residents to beware of unknown links and to verify the legitimacy of any investment platform before committing any funds. They recommended using domain verification tools to check if a website has recently registered, which can help determine its authenticity.
Star Headline
Published: 2026-11-04 15:46:34
Female Director of Investment Firm Loses HKD 45 Million to Fake Environmental Investment Scam
Over the past week, the Police in Hong Kong received over 30 online investment scam reports, involving over 60 million Hong Kong dollars. A female director of an investment firm lost HKD 45 million after being misled by a fake environmental investment website.
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