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Crime in Hong Kong
Hong KongLaw and Crime

2 elderly Hongkongers lose HK$48 million in fake official, crypto scams

One victim, 77, made 24 transfers to three bank accounts after scammer accused him of being involved in criminal case across border

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A 77-year-old Hong Kong man has been conned out of more than HK$21 million in a fake official scam. Photo: Getty Images
Edith Lin

Two Hong Kong men in their seventies have been conned out of HK$48 million (US$6.2 million) in scams involving a criminal impersonating an official and the Ethereum cryptocurrency.

Police said on Friday that one victim, 77, claimed to have received a call on June 7 from an individual impersonating a mainland Chinese official, who accused him of being involved in a criminal case across the border and demanded payment to prove his innocence.

“The victim followed the instructions and made 24 separate transfers totalling about HK$21.8 million to three designated local bank accounts between June 10 and August 15,” the force said. “The scammer later became unreachable.”

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Police said it was then that the victim suspected he had been scammed and filed a report on Sunday.

According to a preliminary investigation, the case was listed as obtaining property by deception.

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The Kowloon City division’s technology and financial crime squad is following up on the case, but no arrests have been made so far.

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