ChainCatcher news, the Hong Kong police arrested three individuals on Tuesday involved in a virtual investment talk show ticket scam. This scam group is suspected of defrauding at least 10 residents of 5.1 million Hong Kong dollars (approximately 653,900 USD) through fake virtual investment talk show tickets.Authorities revealed that the victims were tricked into bidding for fake tickets to a virtual investment interview program, intending to resell them for profit. The scammers persuaded the victims to deposit money into a fake trading platform, promising a monthly return of 7% interest.The group started operating in November 2022 and faces charges of conspiracy to commit fraud, which could result in a sentence of up to 14 years in prison. The police confiscated five mobile phones and cash amounts of 15,000 Hong Kong dollars and 30,000 yuan (4,145 USD).