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Elderly scam victims lose HK$850,000 on average, but ones who know finance lose more | Collector
Elderly scam victims lose HK$850,000 on average, but ones who know finance lose more
South China Morning Post

Elderly scam victims lose HK$850,000 on average, but ones who know finance lose more

Investment scams targeting Hong Kong’s elderly rose by 17 per cent in the first quarter of 2026 against a year ago, despite an overall decline in the number of cases, with police warning that better-educated retirees with more investment experience were more vulnerable to fraudsters. Superintendent Theodora Lee Wai-see of the force’s commercial crime bureau said elderly victims’ losses contributed to the 18.6 per cent rise in total losses incurred from scams between January and March compared...

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