AB Kuai.Dong|Mar 21, 2026 13:02
If you're feeling down because of investment losses, take a look at this guy.
Hong Kong police revealed a fraud case involving a 66-year-old retiree who trusted a so-called 'Guaranteed Profit Master.' He handed over his money, only for the 'master' to disappear, losing HK$1.4 million.
Trying to recover the money, he then sought help from someone claiming to be a 'security expert.' After paying a HK$600,000 service guarantee fee, this 'expert' also vanished, leaving him no choice but to report it to the police.
Then, in January this year, another 'expert' proactively contacted the victim, claiming they could recover all previous losses in one go. The condition? He had to purchase HK$4.6 million worth of cryptocurrency and deposit it into the expert's account.
Following the instructions, the victim did as told, only for this 'expert' to disappear again. As of now, this retiree has been scammed three times, losing a total of HK$6.6 million. Truly heartbreaking.
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