A Hong Kong woman who bought discounted Peninsula mooncake coupons ended up losing HK$400,000 (US$51,610).
The coupons never came, according to Apple Daily.
The culprit lured the woman into his web after an Instagram post in which he offered Peninsula’s spring moon mini custard mooncakes at a 30 percent discount and promised to deliver the coupons in 10 days.
The victim was one of three women who responded to the offer. Two lost more than HK$70,000 between them.
The three bought 5,100 coupons and paid for them by online bank transfer.
The suspect, a 35-year-old truck driver surnamed Lam, was arrested.
Police recovered some of the stolen money during a search of his flat.
Peninsula mooncakes are popular in Hong Kong, often selling out in the run-up to the Mid-Autum Festival.
Last year, Chinese e-commerce website Taobao sold the homemade pastries at twice the standard price amid solid demand.
The mooncakes are priced at HK$485 for a box of eight, according to the Peninsula website.
It is taking online orders from August 24 to 28, with each buyer limited to 20 boxes.
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