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[Cyprus Times] A 73-year-old man was persuaded to make a "safe" investment and pocketed 67 thousand for cryptocurrencies

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Police investigate new internet fraud case -They ordered a 73-year-old man to invest in cryptocurrencies and pocket 67 thousand All information

The Police investigate a new complaint of fraud and extraction of money with false representations.

The case was reported yesterday, at the Nicosia CID, by a 73-year-old, according to whom between the months of June and October 2022, a sum of money in excess of €67,000 was deceived via the internet and extracted from him.

According to the complainant, last June, he was contacted by an unknown person via an online communication application, who, after introducing himself as an employee of an investment company, informed him about various investment plans, with zero risk.

After the 73-year-old was convinced and decided to proceed with such an investment, he was contacted by a second alleged employee of that company. According to the complainant, the employee instructed him to create an account on a specific online platform and to invest therein the sum of €67,750 for the purchase of cryptocurrency.

'When the complainant asked the above persons to receive the profits from that investment, he was asked to pay additional money, allegedly for the purpose of paying taxes. The 73 year old then suspected that it was likely to be a fraud and after being informed that he was not going to pay any further amount, he requested that his initial capital be returned to him. However, since then, the persons he was talking to have not responded to his calls.

The Electronic Crime Unit of Nicosia CID is investigating the case.


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