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Woman loses $1m in bogus street deal

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A retired woman lost $1 million in a scam in Hunghom when three men involved her in a bogus deal to sell electrical components, police said.

The woman, 58, was approached by a man who offered her $300 to mind his car while he sought help to repair a tyre.

Another man who joined them offered to buy electrical capacitors the vehicle owner was carrying, a police spokesman said. They reached a deal to sell them for $300 each and the owner left.

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A third man joined the man and the woman and offered to buy the capacitors for $500 each. The man told the woman she could buy them at $300 each and sell them to the third man for $500.

She agreed and later went to the bank to withdraw $1 million, the spokesman said.

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The woman handed over the money to the car owner and was given 40 packs each containing 100 capacitors.

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