Hong Kong man loses HK$2.8 million in investment scam, among 50 cases in past week

A Hong Kong man has lost more than HK$2.8 million (US$357,000) in an online investment scam in which fraudsters claiming to be employees of electricity companies duped him into investing in a “recyclable waste project”. Police also said on Wednesday that the force had recorded 50 investment scams in the past week, with the total losses exceeding HK$30 million. The force said the man, who is in his sixties, became acquainted with the scammer on Facebook. The fraudster claimed to be an employee of...