Investor Loses Over 230,000 Euros to Trading Scam - Man, 54, Loses €230,000 in Sophisticated Trading Fraud
A 54-year-old man from Vilsbiburg, Lower Bavaria, has fallen victim to a sophisticated trading fraud scheme. The victim, who wished to remain anonymous, lost over €230,000 after being contacted by scammers posing as financial brokers.
The fraud began when the man was contacted via messaging service and email by individuals claiming to be financial agents. They presented him with fictitious profits and pressured him to transfer another five-figure sum to unlock his 'earnings'. The victim initially refused but later transferred money to foreign accounts opened in his name between May and October. The police of Lower Bavaria have issued a warning following this incident, advising residents not to trust unknown online trading offers and to avoid granting remote access to their computers or phones.
The victim, a 54-year-old man from Vilsbiburg, lost over €230,000 in the trading fraud scheme. The police urge caution when dealing with unknown online trading offers and remind the public not to provide remote access to their devices.
