Internet celebrity Raymond Yuen, also known as ‘For Liu Sum’ and the app which allows users to buy cryptocurrency to play the game and move pincers in an attempt to win prizes. Photo: Martin Chan

Hong Kong internet celebrity Raymond Yuen sparks outrage after hitting back at investors in HK$30 million controversy over online claw machine business

  • At least 100 angry investors say they were promised monthly returns of HK$10,000 per unit, which turned out to be just HK$10.
  • Scheme involves online control of arcade games where players manoeuvre pincers to grab toys and other prizes
Topic |   Crime in Hong Kong

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Internet celebrity Raymond Yuen, also known as ‘For Liu Sum’ and the app which allows users to buy cryptocurrency to play the game and move pincers in an attempt to win prizes. Photo: Martin Chan
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Investors paid between HK$85,000 and HK$100,000 for each machine. Photo: Sam Tsang

Hong Kong investors fear HK$30 million lost over online claw machine business promoted by internet celebrity and in which they made just HK$10 per month

  • At least 100 people have sought Democratic Party’s help, claiming they are victims of investment trap
  • Internet celebrity Raymond Yuen had claimed on Facebook investors could make about HK$10,000 a month for each claw machine they invested in
Topic |   Crime in Hong Kong

TOP PICKS

Investors paid between HK$85,000 and HK$100,000 for each machine. Photo: Sam Tsang
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