Hong Kong SFC Warns Public of Investment Compensation Fund Scams

The Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public to remain vigilant against scams involving the misuse of the Investment Compensation Fund's name. According to ChainCatcher, these fraudulent schemes often result in victims suffering additional losses. Scammers typically target individuals who have previously incurred investment losses, falsely claiming that they are eligible for compensation from the fund. Victims are then asked to pay an additional 'deposit' or 'fee' to facilitate the compensation process, leading to further financial deception.