Scammers seek HK$100 million from public for fake scheme to relaunch Hong Kong’s iconic Big Boss nightclub

Hong Kong’s market regulator has warned the public to beware of a suspected investment scam in which fraudsters claim they are trying to raise the funds to relaunch one of the city’s iconic nightclubs.

“It appears that a company [purportedly] operating Big Boss Night Club, or New Big Boss Night Club, intends to raise a total of HK$100 million (US$12.8 million) by inviting the public in Hong Kong to subscribe for 50 per cent of its share capital,” the Securities and Futures Commission said in a scam alert posted on its website.