If there’s one thing you shouldn’t do in life, it’s trust a guy that throws money from a building and then tries to sell you something afterward. And yet, that’s exactly what a number of Hong Kong residents appear to have done.
According to the South China Morning Post, a number of residents of the autonomous Chinese Special Administrative Region have complained that Wong Ching-kit conned them out of a total of HKD 3 million ($380,000).
Discover iFX EXPO, Your Gateway to Asian Markets!
Wong, who is only 24, apparently convinced the alleged victims to invest in a cryptocurrency mining scheme. The investors were supposed to be mining ‘Filecoin’ – a cryptocurrency that, if it has even been launched, appears to be totally useless.
“At first, I was told I could get a refund if [Filecoin] could not be launched in time,” one of Wong’s alleged victims said. “But when we asked for a refund, he used delaying tactics and made different excuses to turn us down.”
From cash throwing to crypto scam
Wong achieved a level of fame last month after he organized an event that saw several people throwing thousands of Hong Kong dollars out of high rise buildings in one of the city’s poorest neighborhoods.