Property News · September 28, 2016

Hong Kong’s newest property trap? Man scams buyer out of HK$3 million in another case of ID fraud


A man was arrested for his alleged role in a fraud racket in which scammers posed as a flat owner and duped a potential buyer out of about HK$3 million in deposit payments.
The unemployed 40-year-old man, a suspected drug addict, was believed to be part of a gang whose members pretended to be a flat owner selling a property in residential estate Festival City in Tai Wai for HK$9.2 million, about 10 per cent below the price of similar units, in November.
The gang collected the personal data of…

Source : South China Morning Post
Read more…Hong Kong’s newest property trap? Man scams buyer out of HK million in another case of ID fraud

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