Women lose HKD6 million in online investment scams

Three women in Macau fell victim to an online investment scam, losing a total of HKD6.26 million, police said. Two elderly women were persuaded through social media groups by scammers impersonating stock analysts, transferring HKD3.23 million and HKD1.26 million to fraudulent accounts before their families discovered the scheme. Another middle-aged woman was lured by promises of AI-assisted stock trading, sending HKD1.77 million. Although her account briefly showed HKD4 million in profits, scammers demanded additional “management fees” before she realized she had been defrauded.