Breaking News Today

Elderly woman loses $41 million in phone scam

Published: (Updated: ) in Australian News by .

Hong Kong police have arrested a man after a 90-year-old woman lost around $41 million (AUD) in a scam.

Hong Kong police have arrested a man after a 90-year-old woman lost around $41 million in a scam.

The woman contacted police on March 2 and told them she had made a total of 10 payments after scammers said her identity had been used in criminal activities in mainland China, according to a police statement sent to CNN on Wednesday.

The woman said she had received a call in August 2020 from someone who claimed to work in law enforcement in mainland China.

READ MORE: Image of possible suspect in China fraud scheme released

Then a man who purported to be a mainland law enforcement official visited her home and gave her a mobile phone to communicate with them, police said.

The woman then made a series of transactions to two bank accounts as instructed.

Police arrested a 19-year-old man on March 25. He has been released on bail and is scheduled to report to police in late April, according to the statement.

The investigation continues and more arrests may be made, police added.

READ MORE: 'You have 48 hours': Scammers impersonate Australia Post

READ MORE: 'Australia not targeting China' after controversial trade deal scrapped

The woman lives in Hong Kong's most expensive neighbourhood, an area called The Peak, the South China Morning Post reported. The exclusive enclave sits at the highest point on Hong Kong Island.

In October 2020, a 65-year-old woman paid $11.45 million to people who, she said, accused her of being involved in money laundering in mainland China, the South China Morning Post reported.

Three men were arrested last week in connection with the incident, the paper added.

READ:  Melbourne edges closer to shocking lockdown record

In January 2019, an 85-year-old man lost more than $95.3 million in a gold scam that took a total of $103 million from seven victims.

Source: 9News

Share This
Finance Advice 2021