A Hong Kong syndicate defrauded seven investors of almost US$79 million between June 2016 and October 2018. Photo: Bloomberg

Hong Kong’s biggest ever gold bullion trading scam: elderly investor swindled out of US$74 million

  • The syndicate duped a total of seven investors from various countries, using cold calls and messaging on social media platforms
  • Investors were persuaded to trade gold on the London commodities market and make other investments with the promise of high returns
Topic |   Scams and swindles

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A Hong Kong syndicate defrauded seven investors of almost US$79 million between June 2016 and October 2018. Photo: Bloomberg
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