Hong Kong online investment scams surge 20% as losses hit HK$3.08 billion

Hong Kong recorded a 20 per cent increase in online investment scams in the first 10 months of the year, with victims losing HK$3.08 billion (US$395.9 million), according to police. Superintendent Theodora Lee Wai-see of the force’s Anti-Deception Coordination Centre also revealed on Monday that 83 per cent of all fraudulent messages were disseminated through Meta-owned platforms including Facebook, WhatsApp and Instagram. Overall, Hong Kong residents lost HK$6.43 billion to various scams over...