Investment Scam

WHAT IS AN Investment Scam?

Victims receive messages from people claiming to be stockbrokers or bank or financial company employees on social networking sites like Facebook, WeChat or Line. Responding to these messages leaves you vulnerable to an Investment Scam where fraudsters ask for personal details like NRIC and passport numbers, supposedly for an investment form. Scammers then ask victims to transfer money to banks in Hong Kong and China, pay administrative fees, security fees and taxes in order to receive the profits and returns.

Victims also receive phone calls from people claiming to be from the Hong Kong Monetary Authority or Hong Kong Overseas Control Centre, asking for a deposit before profits can be released to them.

image_advices
  • Online trading, particularly when they involve binary options. Binary options are attractive because they are simple and promise quick returns, but they are very risky. Many platforms offering binary trading options are fraudulent.
  • People offering investment returns that are unreasonably high.
  • Be cautious when befriending strangers on social media platforms.
  • Understand that investments with high returns come with high risks.
  • Always check with a licensed financial advisor before making any investment.
  • Check if an entity is blacklisted on

What you should look out for

  • Online trading, particularly when they involve binary options. Binary options are attractive because they are simple and promise quick returns, but they are very risky. Many platforms offering binary trading options are fraudulent.
  • People offering investment returns that are unreasonably high.

What you should do

  • Be cautious when befriending strangers on social media platforms.
  • Understand that investments with high returns come with high risks.
  • Always check with a licensed financial advisor before making any investment.
  • Check if an entity is blacklisted on

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Showing 6 of 339 Stories
Showing 6 of 30 Stories
22 Jan 2022

I lost a great amount of money to an investment scam

I know a girl at FB, start chatting with her, af about 2 WEEKS later she TOLD me she EARNED $500+ durIng our chatting and she approached me to join her in the investment. She helped me twice  with the…...

15 Jan 2022

I lost over $12k to an investment scam

It started on 21 December 2021. I met this girl named "Biang" on TanTan dating app. We chatted a while on the app before exchanging number to continue on WhatsApp. She introduced herself as "ZhongYing…...

09 Jan 2022

I lost $4,000 to an investment scam

Connected with ‘Hayden’ (Taiwanese who has worked in HK before and is working in SG now) on the Hinge app in early Dec. We moved to Telegram on the same day and he deleted his profile the next day (RF).…...

05 Jan 2022

Online friend attempted to cheat me

I was befriended by a Chinese lady by the name of Jenny through an online app. Her number is 8916 5091 After conversing for a couple of days, I was introduced to an online investment "game" where instant…...

28 Dec 2021

I lost around $70k to an investment scam

Befriended a lady called ada (whatapps: 89187581) and was convinced by her that she can teach me how to trade cryptocurrency. The initial capital is small ($300). Recommend to open a trading account…...

25 Dec 2021

I got cheated by an online friend

This guy come to add me on Instagram. He act super friendly and introduce himself from China Wuhan but currently work in Hong Kong. Then he asked for my whatsapp to continue chat to know each other well.…...

Have you encountered a scam?

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