WNA Globe

World News by Wild Rose

#investment fraud ร—
#1  |  Apr 24, 12:06 UTC Crime & Justice The Hindu ๐Ÿ”—

Three arrested in โ‚น78.66-lakh online investment fraud

Hong Kong woman loses HK$4.9 million to bogus online โ€˜investment expertsโ€™

A Hong Kong woman has lost nearly HK$4.9 million (US$625,800) in three months after being cheated by bogus โ€œinvestment expertsโ€ in an online scam. The victim was lured into contacting the scammers after seeing a post on social media advertising high-return stock investments, police said. She was then instructed to download an app via an online messaging service. Believing the scheme to be genuine, the victim transferred about HK$4.86 million in more than 40 transactions between January and April...