Woman loses thousands in online scam

Police are investigating an online investment scam after a 43-year-old woman reported she lost more than €10,000 by investing in a fake international company.

The woman, who lives in Paphos, told the police that a Greek man told her about the company which he claimed would increase her initial investment.

The man, who told her he lived in England, persuaded her to invest €1,000 in November 2020, while on December 9 the woman agreed to transfer another €9,450.

The complainant said she initially saw a profit but when she asked the man to stop their collaboration and to withdraw her money in February, 2021, he stopped communications with her.

According to her account with the company her initial investment rose to €34,235, the woman told the police.

Paphos CID are investigating the case in collaboration with Interpol and the Unit for Combating Money Laundering (Mokas).