Cyprus Mail

Police investigate €38,000 online fraud


A 27-year-old Limassol man reported to police that he was apparently defrauded of €38,000 after he transferred the money to someone he had met online in July.

According to police, the man said he had met a person online who claimed to be an investment consultant.

The man advised the 27-year-old to invest his money in cryptocurrency through his company.

Guided by the suspect, the man created accounts in online cryptocurrency exchanges where he transferred around €38,000.

He eventually lost track of his money after transferring it to other applications on the suspect’s advice.



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