According to Hong Kongs Commercial Crime Bureau, four different investment scams cost 85 victims around $7.7 million

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According to Hong Kong’s Commercial Crime Bureau, four different investment scams cost 85 victims around $7.7 million in 2017. This was a three-fold increase compared to 2016. To lure victims, fake bank credit statements are often used as proof of assets, fake professionals give talks, and investors are even taken on tours of the businesses they are supposedly buying. In one case, 18 people were scammed out of nearly $3 million when they thought they were buying a wine and colliery business in mainland China. What advice would you give overseas investors about your country?

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Entrepreneurship Successfully Launching New Ventures

ISBN: 9781292255330

6th Global Edition

Authors: R. Duane Ireland, Bruce R. Barringer

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