A romance scam has caused an elderly woman about HK$2 Million. The woman lost more than HK$2 million after she trusted someone she met online. The fraud only became clear when the man suddenly cut off all contact and vanished.
The victim, who is over 50 years old, was first contacted on Instagram. The scammer interacted with her posts and slowly built a relationship by sending kind and affectionate messages every day. Over time, he gained her trust and created what seemed like a genuine romantic connection.
Source: thestandard.com
After building this trust, the romance scammer introduced himself as a cryptocurrency investment expert. He convinced the woman to join a supposed investment opportunity, promising guaranteed profits. To begin, she sent HK$40,000 as a fee to open an account on the platform.
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The situation escalated quickly. The woman was instructed to visit a physical shop multiple times to convert cash into Tether, which she then transferred to the scammer’s digital wallet. These transactions happened several times, increasing her total losses.
How the Romance Scam Unfolded
This case follows a common pattern seen in online romance scams. The scammer first builds emotional trust, then introduces a financial opportunity that seems safe and profitable. Once the victim invests significant money, the scammer disappears, a tactic known as “ghosting.”
Authorities warned that these kind of romance scams are becoming more advanced and harder to detect. Victims are often targeted through social media platforms, where scammers can easily create fake identities and maintain daily communication.
Police are urging the public to be cautious when forming relationships online. They advise people to question any request involving money, especially when it is tied to investment opportunities or cryptocurrency transfers.
Tools like online scam checkers can help identify suspicious activity before any money is sent. However, awareness and skepticism remain the strongest defenses against such fraud.
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