According to The Standard (LINK), two men has been arrested for cheating 120 people out of HK$67 million, which they claimed would be invested into high-tech phone chargers made of a "wonder material" called graphene. The scammers used graphene - branded as the "next big hit" in the tech scene - as bait to attract the victims, according to Commercial Crime Bureau officers. The mastermind set up a company two years ago, which he claimed focused on developing high-tech chargers for mobile devices. He proceeded to organize fund raising events in Hong Kong, Macau and on the mainland, and lured people to "invest" in the company's new project, which was to produce graphene phone chargers.
Wow, that is some solid clearance of engineers being involved there. Solar, the battery sure! AC rectifiers and capacitors not so much. Safe as closed apartment futures.
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