City University Professor Chan Yan-chong stresses he never gives advice online, notes that many victims, including some in Singapore, are retirees
Well-known financial expert Chan Yan-chong only gives investment tips in face-to-face meetings, but the Hong Kong resident has seen many fraud messages purportedly sent by him to potential victims in a long-running online scam in the city and Singapore over the last few years.
The City University adjunct professor and columnist said the situation improved only after the Securities and Futures Commission (SFC) approached him about the problem and was believed to have taken action last year.
But the Post has learned that such scams exploiting Chan have resurfaced again recently.
“I have never provided financial tips or advice online, even when my friends asked me through WhatsApp,” he told the Post. “When they do, I ask them to go for a tea instead.”
Chan, a Singaporean who is a Hong Kong permanent resident, stressed that all online messages offering financial tips under his name were fake.
He said his friends had told him that they were added to Facebook or WhatsApp groups by scammers as far back as a few years ago.
