Latest Scam Alerts

Fraudulent AI Investment App “Better-GC” with Forged Profit-making Records
2025-04-14


Defrauding Tricks

In a number of recent investment fraud cases, the victims were added into a WhatsApp group named “Strategy Sharing for Automated Trading App”, in which “experts” shared experiences on making investments using artificial intelligence (AI). The victims lost millions of Hong Kong dollars.

Posing as investment experts, the scammers randomly invited people to join “investment classroom” groups on WhatsApp, claiming that money-making tips would be shared in the groups. The victims were then induced to download a fraudulent trading platform application called “Better-GC” to conduct transactions.

In the scams, the scammers would fabricate profit-making transaction records of the fraudulent trading platform, claiming that high returns could be made via the application even during declines in equity markets to lure the victims to invest more money. When the victims tried to withdraw the funds, the customer service staff would delay the payment with various pretexts and even ask them to pay hefty handling fees. In the end, the victims failed to get back their money.

 

Our Advice

  • You are advised to make investment through registered investment institutions. You may check out the public register of licensed persons and registered institutions on the web page of the Securities and Futures Commission;

  • Stay alert and do not rashly believe the so-called “investment experts” you meet online; 

  • Do not hastily click on hyperlinks, download mobile applications, log on to any suspicious websites or download any attachments; 

  • The bank accounts provided by scammers usually belong to individuals or third-party agencies, with names different from the trading platforms’;

  • You may enter suspicious phone numbers, URLs or transferees’ account numbers on “Scameter” of CyberDefender or “Scameter+”, the mobile application of “Scameter”, for security check in addition to seeking verification from relevant organisations; 

  • If in doubt, please call the “Anti-Scam Helpline 18222” for enquiries.