Hong Kong man loses HK$2.8 million in investment scam, among 50 cases in past week

A Hong Kong man has lost over HK$2.8 million (US$357,000) in an online investment scam in which fraudsters claiming to be employees of electricity companies duped him into investing in a “recyclable waste project”. Police also said on Wednesday that the force had recorded 50 investment scams in the past week, with losses totalling over HK$30 million. The force said the man in his 60s became acquainted with the scammer on Facebook. The fraudster claimed to be an employee of CLP Power, one of…