Date
23 July 2017
With gold at US$40,000 per kilogram on Wednesday, the victims could have been tricked into thinking they had found a great bargain, according to sources. Photo: Google Maps, Bloomberg
With gold at US$40,000 per kilogram on Wednesday, the victims could have been tricked into thinking they had found a great bargain, according to sources. Photo: Google Maps, Bloomberg

Man loses HK$440,000 in fake gold scam

A 27-year-old man and his 37-year-old companion from mainland China lost US$56,000 (HK$440,000) to swindlers who enticed them into buying two kilograms of fake gold.

The younger man, surnamed Tong, called police from a hotel in Tsim Sha Tsui to report the incident. He said he had bought two kilograms of gold from three South Asian men which turned out to be fake, news website hk01.com reports.

Earlier, the men agreed to have the merchandise authenticated in Central while the money was kept in a safe at the hotel with Tong’s companion watching it.

As soon as Tong found out the gold was fake, the suspects fled in different directions.

When Tong called his companion to check on the money, they discovered it had been replaced with trash paper.   

Police are looking for three South Asian men between 30 and 35 years old and about 1.7 meters tall.

With gold at US$40,000 per kilogram on Wednesday, sources said Tong could have been tricked into thinking he had found a great bargain.

– Contact us at english@hkej.com

EL/AC/RA

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