At least 10 people have fallen prey to a scam involving the sale of jade stones via live streaming on TikTok with total losses amounting to at least $95,000 this year, said police.
Interested investors would be asked to transfer money to the scammers’ bank accounts in advance. For each jade stone investment, scammers would cut the raw jade stone to determine the value of the cut stones on a TikTok livestream.
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