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[Cyprus Times] "Advance fee fraud": the new online scam and what to watch out for. The Police announcement

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Police announcement on a new online scam What citizens should pay attention to How the fraudsters act

The Police warns about a new online scam.

According to the Police, recently the Electronic Crime Sub-Division has received several reports from citizens in connection with internet scams using the method of "advance fee fraud", i.e. demanding an advance payment with false representations.

Candidate victims of this method are citizens who post advertisements, on various websites, for the sale of various items, who risk losing both the item for sale and a sum of money.

The fraudsters send emails to the sellers, posing as prospective buyers of these items. Subsequently, they send a fictitious remittance to the sellers for the purchase of the product, for a higher amount than the amount requested by the sellers, and then ask for a refund of the difference, mainly to cover transport costs.

The result of this method is such that the seller loses various sums of money.

"The public is urged to be cautious in such cases and under no circumstances should they respond to such offers. In the event that anyone has lost any amount of money, they should immediately address a complaint to the Provincial T.A.E.", the police concluded in a statement.


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