Hong Kong is in the midst of a boom in investment fraud cases, police say. Photo: Shutterstock
Hong Kong is in the midst of a boom in investment fraud cases, police say. Photo: Shutterstock

Hong Kong experiencing boom in investment scams, with cases more than tripling, losses increasing 20-fold

  • Police say there were 725 cases of investment scams in the first seven months of this year, accounting for some HK$2.5 billion in losses
  • This year also marks the first time fraudsters have stolen non-fungible tokens, or NFTs

Topic |   Scams and swindles
Hong Kong is in the midst of a boom in investment fraud cases, police say. Photo: Shutterstock
Hong Kong is in the midst of a boom in investment fraud cases, police say. Photo: Shutterstock
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