A 77-year-old has lost around €142,000 after “investing” in a scheme advertised online that turned out to be a scam, police reported on Friday.

Following his registration with the scheme in June 2024, the 77-year-old allegedly received telephone calls from abroad convincing him of the validity of the investment platform.

Between September 2024 and February 2025, the man made a total of 27 transactions, sending money to various bank accounts abroad, resulting in a loss of €142,000.

The police are urging the public to be wary of any kind of online investment and to verify the credibility of the service provider before making any kind of transaction.

Their investigation into the matter is ongoing.