Lawmaker urges stronger safeguards as investment scams evolve

Lawmaker Vong Hou Piu has urged the government to strengthen its preventive measures against investment scams, warning that increasingly sophisticated schemes could expose more residents to substantial financial losses. In a written inquiry to the government, Vong said investment scams promising “guaranteed profits” or “low risk and high returns” remained a concern in Macau, despite an overall decline in telecommunications and online fraud cases. He pointed to the recent “Fun Coffee” case in early August, in which Macau and Hong Kong police jointly dismantled a cross-border investment scam that allegedly used free coffee-tasting events to at…