Victims were typically approached by scammers claiming to be from China or Hong Kong on social media platforms such as WeChat or LinkedIn. These scammers would then patiently work their way to gain the victims’ trust by texting them frequently on the pretext of friendship or networking purposes. Once trust had been established, the scammers would share that they possessed insider information on certain companies listed on the Hong Kong Stock Exchange. They would then encourage victims to buy these shares on the promise of quick and guaranteed profits.
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