Investment scam cases in Hong Kong drop 15%, but losses remain high at HK$1.65b

In the first half of this year, Hong Kong saw a 15% decrease in investment scam cases. However, the total financial losses from these scams remained substantial, reaching HK$1.65 billion. Police are warning the public about fraudsters who impersonate representatives of legitimate overseas companies to deceive investors. Senior Superintendent Fanny Kung Hing-fun stated that some of these purported overseas firms are non-existent or have a history of fraudulent activities elsewhere. She also noted that some fraudsters even use artificial intelligence to generate fake company leaders or featured personalities.