More than 300 Hongkongers fall prey to low-interest loan scams in first half of year – tripling tally for same period in 2019: police

Scammers touting low-interest loans conned at least 305 Hongkongers out of more than HK$24 million (US$3.1 million) in the first half of the year – three times more than they bagged in the same period of 2019, the city’s police have warned.The victims were typically tricked into turning over large sums of cash they were told were deposits or investments necessary to qualify for the “loan”, with the culprits then fleeing before the victims realised they had been ripped off.The force’s anti…

from South China Morning Post https://www.scmp.com/news/hong-kong/law-and-crime/article/3098500/more-300-hongkongers-fall-prey-low-interest-loan-scams