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Over 70 Online Investment Fraud Cases in a Week Involving Over HKD80 million; Middle-aged Woman Loses HKD1.2 million, Equivalent to Four Years Salary
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Police's "CyberDefender" social media platform announced that over the past week, authorities received more than 70 online investment fraud reports, involving total losses exceeding HKD80 million.

In recent months, a woman in her 40s met a man on WeChat who claimed to be a "cryptocurrency investment expert". The scammer lured the victim with promises of "extremely high returns" and "guaranteed profits", persuading her to invest. The fraudster set up an investment account for the victim and provided a fake website that displayed real-time asset appreciation. Believing it to be genuine, the victim followed instructions and repeatedly transferred funds to bank accounts and cryptocurrency e-wallets designated by the scammer.

After one and a half months, seeing her assets "increase" daily, the victim attempted to withdraw funds but was asked to inject additional capital. She then discovered that the website was entirely fictitious, with all displayed gains and losses manipulated by the scammer. She ultimately lost more than HKD1.2 million, equivalent to four years of her salary.

Police reminded the public that behind promises of high returns may lie a carefully orchestrated "numbers game". When so-called "investment experts" request funds, individuals should consult family and friends before making decisions. (da/a)
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