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The Daily Newsstand · Free, Always
Tuesday, September 22, 2026

Hong Kong woman, 80, loses HK$6 million to fake online investment expert

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An 80‑year‑old woman has lost HK$6 million (US$764,772) to a fake investment expert she met online, Hong Kong police have disclosed.

The case was among more than 50 investment scams reported over the past week, with total losses approaching HK$30 million, according to a post on the force’s CyberDefender social media page.

The victim, a retiree, first met the fraudster posing as an investment expert on Facebook before moving their conversations to WhatsApp, where the suspect built a relationship with her over six months.

After learning she was retired and held fixed deposits, the scammer pitched a high-return stock investment plan supposedly tailored for seniors.

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